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Aziz Tareb Of Tareb Mgmt Purchases Retail Building On White Plains Road For $8M
SOLD
$8,000,000
New York
See Similar DealsRetail10,000 SF
Sold 09/11/2025
SOLD
Aziz Tareb Of Tareb Mgmt Purchases Retail Building On White Plains Road For $8M
3500 White Plains Road
See Similar DealsRetail10,000 SF
Sold 09/11/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$800
Total Square Footage:10,000 SF
Transaction Type:Sale
Aziz Tareb’s Tareb Mgmt purchased a retail building located at 3500 White Plains Road in the Williamsbridge market of Bronx. The asset has a total square footage of 10,000, with a total sale price of $8,000,000. The price per building square foot is $200, and the price per square foot is $800.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,000,000
- Buyer: Aziz Tareb - Tareb Mgmt
- Seller: Frank Cinquemani
- Building Square Feet: 10,000
- Building Square Foot Price: $200
- Square Foot Price: $800
- Closing Date: September 11, 2025
This transaction showcases Aziz Tareb as a buyer of the property from Frank Cinquemani, facilitating a notable exchange in the retail segment of the Bronx market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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