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3950 Laconia Avenue, East B...

Updated Dec 21, 2023

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

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

$5,250,000

$219/SF

Building Size

23,908 SF

Asset Type

Retail

Closing

Sep 21, 2021

About this deal

AI

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

Simkho Aranbayev

Buyer

$50.9M

vol

11 deals

Buyer

Bronx Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $219 per square foot on a published $5.3M for 23,908 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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