Igor Shamalov Acquires Retail Property On Boston Road In Bronx For $2.75M
SOLD
$2,750,000
New York
See Similar DealsRetail3,971 SF
Sold 11/29/2023
SOLD
Igor Shamalov Acquires Retail Property On Boston Road In Bronx For $2.75M
3236 Boston Road
See Similar DealsRetail3,971 SF
Sold 11/29/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$692
Total Square Footage:3,971 SF
Transaction Type:Sale
The retail property located at 3236 Boston Road in the Bronx has been sold in a closed transaction. The property spans 3,971 square feet and was sold for a total price of $2,750,000. The sale price equates to $693 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,750,000
- Square Footage: 3,971
Igor Shamalov has purchased the property from Bang Lin. The deal was facilitated by Christian Rodriguez of HedgeStone Business Advisors, who represented both parties in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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