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38 Westchester Square, Bron...

Vincent Theurer Acquires Retail Property In Bronx For $5.9M
SOLDRetail

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

John Oliveri

Broker

$133.9M

vol

18 deals

Broker
Vincent Theurer

Vincent Theurer

Approved Oil

Buyer

$23.1M

vol

5 deals

Buyer
Alex Adjmi

Alex Adjmi

ACHS Management

Seller

$100.6M

vol

19 deals

Seller

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