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3377 Eastchester Road

Lipa Engel Purchases Retail Property On Eastchester Road In Laconia For $4.2 Million
SOLDRetail

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

Andrew Weber

Seller

$6.3M

vol

3 deals

Seller

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