Vincent Theurer Acquires Retail Property In Bronx For $5.9M
38 Westchester Square, Bronx, NY 10461
$5,900,000
$983/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
May 12, 2022
AI
The retail property located at 38 Westchester Square in the Bronx has been sold in a closed transaction. The deal was facilitated by John Oliveri of STL Realty LLC, representing the buyer, Vincent Theurer, and Alex Adjmi of ACHS Management, representing the seller. The transaction took place on May 13, 2022, and the property spans approximately 6,000 square feet.
Summary of transaction details
- Property Type: Retail
- Sale Price: $5,900,000
- Address: 38 Westchester Square, Bronx
- Market: Bronx
The sale price of the property was $5,900,000, resulting in a price per square foot of $983. John Oliveri of STL Realty LLC and Alex Adjmi of ACHS Management were the brokers involved in the deal. The transaction was successfully concluded, showcasing the collaborative effort of all parties involved.
Players
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93