Harooni Family Acquires Retail Property On Boston Road, New York City For $2.95M
3390 Boston Rd Bronx, NY 10469, USA
$2,950,000
$262/SF
Building Size
11,235 SF
Asset Type
Retail
Closing
May 16, 2023
AI
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
New York 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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93