Jack Terzi Of JTRE Acquires Retail Property In Bronx For $13.5M From Jordan Slone
SOLD
$13,500,000
New York
See Similar DealsRetail30,590 SF
Sold 05/29/2026
SOLD
Jack Terzi Of JTRE Acquires Retail Property In Bronx For $13.5M From Jordan Slone
305 East Fordham Road
See Similar DealsRetail30,590 SF
Sold 05/29/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$441
Total Square Footage:30,590 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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