Miguel Luna Acquires Retail Building Leased To Walgreens For $7.3 Million In Bronx
3590 East Tremont Avenue
$7,300,000
$584/SF
Building Size
12,500 SF
Asset Type
Retail
Closing
Oct 29, 2024
AI
A retail building located at 3590 East Tremont Avenue in Throgs Neck, Bronx was sold for $7.3 million. The property encompasses 12,531 building square feet (BSF) and has a price per building square foot (PPBSF) of $583. It also totals 12,500 square feet (SF) with a price per square foot (PPSF) of $584.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,300,000
- Building Square Feet: 12,531
- Price Per Building Square Foot: $583
- Square Feet: 12,500
- Price Per Square Foot: $584
- Buyer: Miguel Luna
- Seller: Donald Engeldrum & Lizanne Catalano
Miguel Luna, through 3582 Throgs Neck Realty LLC, acquired the property, which is leased to Walgreens.
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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93