Mathew Ahdoot Acquires Retail Property In Bronx From Steven Chera
SOLD
$3,150,000
New York
See Similar DealsRetail4,608 SF
Sold
SOLD
Mathew Ahdoot Acquires Retail Property In Bronx From Steven Chera
57-59 E Kingsbridge Rd, Bronx, NY, USA
See Similar DealsRetail4,608 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$683
Total Square Footage:4608 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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