Lipa Engel Purchases Retail Property On Eastchester Road In Laconia For $4.2 Million
3377 Eastchester Road
$4,200,000
$1,257/SF
Building Size
3,339 SF
Asset Type
Retail
Closing
Jun 14, 2026
AI
Lipa Engel has purchased a retail property located at 3377 Eastchester Road in the Laconia neighborhood of the Bronx. The property encompasses 3,339 square feet and was acquired for a total price of $4,200,000, reflecting a rate of $1,258 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,200,000
- Address: 3377 Eastchester Road
- Market: Laconia, Bronx
- Square Footage: 3,339
- Price Per Square Foot: $1,258
- Buyer: Lipa Engel
- Seller: Andrew Weber
- Sale Date: 06/14/2026
This transaction highlights the involvement of Lipa Engel as the buyer and Andrew Weber as the seller in this retail property deal. The completion of this sale reflects the ongoing activity in the retail market within the Bronx area.
Players
Bronx Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93