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
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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