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57-59 E Kingsbridge Rd, Bro...

Mathew Ahdoot Acquires Retail Property In Bronx From Steven Chera
SOLDRetail

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

Nathan Elmekies

Broker

$51.4M

vol

6 deals

Broker

Steven Chera

Seller

$36.9M

vol

5 deals

Seller

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