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Harooni Family Acquires Retail Property On Boston Road, New York City For $2.95M

Property Image
SOLD
$2,950,000
Roni Soleimani
Joshua "Josh" Pomerantz

New York

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Retail11,235 SF
Sold 05/16/2023
the dealplayerscompscontact
Property Image
SOLD

Harooni Family Acquires Retail Property On Boston Road, New York City For $2.95M

3390 Boston Rd Bronx, NY 10469, USA

See Similar Deals
Retail11,235 SF
Sold 05/16/2023
Roni Soleimani
Joshua "Josh" Pomerantz
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$262
Total Square Footage:11,235 SF
Transaction Type:Sale

Located at 3390 Boston Road in New York City, this retail property has recently been sold in a closed transaction. The property spans an area of 11,235 square feet and was sold for a price of $2,950,000, resulting in a price per square foot of $263. The buyer in this transaction was the Harooni Family, while the seller was the Budoff Family. The deal was facilitated by brokers Roni Soleimani and Joshua Pomerantz from the SP Capital Group.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,950,000
  • Square Footage: 11,235
  • Price Per Square Foot: $263
  • Buyer: Harooni Family
  • Seller: Budoff Family
  • Brokers: Roni Soleimani & Joshua Pomerantz - SP Capital Group

For similar off-market deals, interested parties can contact Roni Soleimani at [email protected].

Players

Joshua "Josh" Pomerantz
SP Capital Group
Joshua Pomerantz
31 deals$142.6M volume(212) 235-2764
BROKER
Roni Soleimani
SP Capital Group
Roni Soleimani
20 deals$92.4M volume
BROKER

Details

SOLD
IMAGE: 05/16/2023 ADDRESS: 3390 Boston Road MARKET: New York City ASSET TYPE: Retail BUYER: Harooni Family SELLER: Budoff Family BROKERS: Roni Soleimani (@RealRoniSoleimani) & Joshua Pomerantz (@Pomdiggz) - SP Capital Group (@SPCapitalGroup) SALE PRICE: $2,950,000 SF: 11,235 ~ PPSF: $263 NOTE FROM BROKER: For similar off-market deals, please reach out to: Roni Soleimani [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$157,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06