Igor Shamalov Acquires Retail Property On Boston Road In Bronx For $2.75M
3236 Boston Road
$2,750,000
$692/SF
Building Size
3,971 SF
Asset Type
Retail
Closing
Nov 29, 2023
AI
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.
Bronx Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93