Isaac M. Franco Acquires Retail Property In Kingsbridge, Bronx For $5.7M From Seller Ponce Bank - 5560 Broadway

A retail property located at 5560 Broadway in Kingsbridge, Bronx was recently sold for $5,734,898. The property is zoned as R6 and C1-3 and spans 5,100 square feet. The sale took place on June 4, 2021. The buyer, Isaac M. Franco, purchased the property from the seller, Ponce Bank. The property has a building square footage (BSF) of 12,393 with a price per BSF of $462 and a price per square foot (PPSF) of $1,124. The lot dimensions are 50 feet by 102.25 feet.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,734,898
• Buyer: Isaac M. Franco
• Seller: Ponce Bank
• Loan Amount: $2,250,000
• Lender: TD Bank
• Market: Kingsbridge, Bronx

Isaac M. Franco represented himself in the deal as the buyer's representative. TD Bank provided a loan amount of $2,250,000 for the transaction. The property at 5560 Broadway has a prime location in the Kingsbridge area of Bronx, making it an attractive investment opportunity.