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3500 White Plains Road

Aziz Tareb Of Tareb Mgmt Purchases Retail Building On White Plains Road For $8M
SOLDRetail

Aziz Tareb Of Tareb Mgmt Purchases Retail Building On White Plains Road For $8M

3500 White Plains Road

$8,000,000

$800/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Sep 11, 2025

AI

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.

Players

Aziz Tareb

Buyer

$32.2M

vol

7 deals

Buyer

Bronx 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

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93