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3390 Boston Rd Bronx, NY 10...

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

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

Joshua Pomerantz

SP Capital Group

Broker

$142.6M

vol

31 deals

Broker

New York 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

5.38%

Cash-on-Cash

-1.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93