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
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