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427 Soundview Avenue, The B...

R.E. Management Of NE Acquires Retail Property In Clason Point For $1.1M
SOLDRetail

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

Jonathan Hakimian

Broker

$45.3M

vol

8 deals

Broker

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