R.E. Management Of NE Acquires Retail Property In Clason Point For $1.1M
SOLD
$1,100,000
New York
See Similar DealsRetail3,750 SF
Sold 03/31/2022
SOLD
R.E. Management Of NE Acquires Retail Property In Clason Point For $1.1M
427 Soundview Avenue, The Bronx, New York 10473, United States
See Similar DealsRetail3,750 SF
Sold 03/31/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$293
Total Square Footage:3,750 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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