R.E. Management Of NE Acquires Retail Property In Clason Point For $1.1M
427 Soundview Avenue, The Bronx, New York 10473, United States
$1,100,000
$293/SF
Building Size
3,750 SF
Asset Type
Retail
Closing
Mar 30, 2022
AI
Located at 427 Soundview Ave. in Clason Point, this retail property was recently sold in a closed transaction. The property spans 3,750 square feet and was sold for $1,100,000, resulting in a price per square foot of $293. The transaction took place on 03/31/2022. The buyer, represented by R.E. Management of NE, acquired the property from the seller, the Ali Family. The deal was facilitated by Jonathan Hakimian of SP Capital Group.
Summary of transaction details
- Property Type: Retail
- Sale Price: $1,100,000
- Square Footage: 3,750
- Price per Square Foot: $293
- Date: 03/31/2022
- Market: Clason Point
Contact Jonathan Hakimian at (212) 364-5614 or [email protected] for further information or to explore similar properties for sale or purchase.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93