Mathew Ahdoot Acquires Retail Property In Bronx From Steven Chera
57-59 E Kingsbridge Rd, Bronx, NY, USA
$3,150,000
$683/SF
Building Size
4,608 SF
Asset Type
Retail
Closing
Sep 14, 2021
AI
The retail property located at 57-59 East Kingsbridge Rd in the Bronx has been sold for a price of $3,150,000. The property spans 4,608 square feet with a price per square foot of $683. The sale took place on September 15, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,150,000
- Square Footage: 4,608
- Price per Square Foot: $683
- Address: 57-59 East Kingsbridge Rd
- Market: Bronx
The buyer in this transaction is Mathew Ahdoot, while the seller is Steven Chera. The deal was facilitated by Nathan Elmekies of Elmekies Equities, who represented the buyer and seller in the transaction.
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93