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3050 Buhre Avenue, Pelham B...

Updated Dec 21, 2023

Surinder Singh Acquires Retail Property In Pelham Bay, Bronx For $3.8M
SOLDRetail

Surinder Singh Acquires Retail Property In Pelham Bay, Bronx For $3.8M

3050 Buhre Avenue, Pelham Bay, Bronx, NY, USA

$3,800,000

$550/SF

Building Size

6,900 SF

Asset Type

Retail

Closing

Nov 18, 2021

About this deal

AI

The retail property located at 3050 Buhre Avenue in Pelham Bay, Bronx, was recently sold for $3,800,000. The property has a building square footage (BSF) of 34,400 and a price per BSF (PPBSF) of $110. The total square footage (SF) of the property is 6,900, with a price per square foot (PPSF) of $550. The lot size is 10,000 square feet, and the property has a floor area ratio (FAR) of 0.69. The zoning for the property is R7-1 and C2-4, and the tax class is 4. The property underwent an alteration permit on January 5, 2018. The lot dimensions are 100 feet by 100 feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $3,800,000
  • Address: 3050 Buhre Avenue, Pelham Bay, Bronx
  • Market: Pelham Bay, Bronx
  • Zoning: R7-1, C2-4
  • BSF: 34,400
  • PPBSF: $110
  • SF: 6,900
  • PPSF: $550
  • FAR: 0.69
  • Tax Class: 4
  • Lot Size: 10,000
  • Permits: Alteration 2 (01/05/2018)
  • Lot Dimension: 100 ft x 100 ft

The buyer of the property is Surinder Singh, and the seller is Cara Caico.

Players

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $550 per square foot on a published $3.8M for 6,900 square feet (2021).

Browse New York retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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