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Simkho Aranbayev Acquires Retail Property In Edenwald For $5.25M, Buyer's Rep Simkho Aranbayev & Seller Anthony J Puma

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SOLD
$5,250,000

New York

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Retail23,908 SF
Sold 09/22/2021
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Property Image
SOLD

Simkho Aranbayev Acquires Retail Property In Edenwald For $5.25M, Buyer's Rep Simkho Aranbayev & Seller Anthony J Puma

3950 Laconia Avenue, East Bronx, Bronx, NY, USA

See Similar Deals
Retail23,908 SF
Sold 09/22/2021
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$219
Total Square Footage:23,908 SF
Transaction Type:Sale

The property located at 3950 Laconia Avenue in Edenwald has been sold for a price of $5,250,000. The retail asset spans a total square footage of 23,908 and has a price per square foot of $219. The building has a total square footage of 48,300 with a price per buildable square foot of $108. The property has a land area of 24,150 square feet and its dimensions are 201 feet by 116.58 feet. It is zoned as R5D, R5, C1-4 and falls under tax class 4. The property was subject to an alteration permit on December 8, 2015.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $5,250,000
  • Market: Edenwald
  • Buyer: Simkho Aranbayev
  • Seller: Anthony J Puma
  • Square Footage: 23,908
  • Price per Square Foot: $219
  • Buildable Square Footage: 48,300
  • Price per Buildable Square Foot: $108
  • Land Area: 24,150 square feet
  • Zoning: R5D, R5, C1-4
  • Tax Class: 4
  • Permits: Alteration 2 (12/08/2015)
  • Lot Dimension: 201 ft x 116.58 ft

The buyer of the property is Simkho Aranbayev and the seller is Anthony J Puma. They were represented in the deal by their respective agents. The property was sold at a price of $5,250,000, with a total buildable square footage of 48,300 and a price per buildable square foot of $108. The lot size is 24,150 square feet, and the property is zoned as R5D, R5, C1-4. The property falls under tax class 4 and had an alteration permit issued on December 8, 2015.

Players

11 deals$50.9M volume
BUYER

Details

SOLD
IMAGE: 09/22/2021 ADDRESS: 3950 LACONIA AVENUE MARKET: Edenwald ASSET TYPE: Retail ~ ZONING: R5D, R5, C1-4 BUYER: Simkho Aranbayev SELLER: Anthony J Puma PRICE: $5,250,000 BSF: 48,300 ~ PPBSF: $108 SF: 23,908 ~ PPSF: $219 FAR: 0.99 TAX CLASS: 4 LOT SIZE: 24,150 PERMITS: Alteration 2 (12/08/2015) LOT DIMENSION: 201 ft x 116.58 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$280,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14