Jack Terzi Of JTRE Acquires Retail Property In Bronx For $13.5M From Jordan Slone
305 East Fordham Road
$13,500,000
$441/SF
Building Size
30,590 SF
Asset Type
Retail
Closing
May 28, 2026
AI
The retail asset located at 305 East Fordham Road in the Bronx has been sold for $13,500,000. This property encompasses a total square footage of 30,590, translating to a price per square foot of $441. The former sale price of the asset was $34,600,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,500,000
- Buyer: Jack Terzi - JTRE
- Seller: Jordan Slone - Harbor Group International
- Broker: Ethan Stanton - JLL
- Market: Bronx
- Square Footage: 30,590
- Price Per Square Foot: $441
- Former Price: $34,600,000
The deal involved Jack Terzi representing JTRE as the buyer, while Jordan Slone was the seller and represented Harbor Group International. Ethan Stanton from JLL acted as the broker, facilitating the transaction.
Players
Bronx Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93