Kashif Iqbal Acquires Retail Building In Mott Haven, Bronx For $8.6M
600 E 138th St Bronx, NY 10454, USA
$8,600,000
$229/SF
Building Size
37,500 SF
Asset Type
Retail
Closing
Apr 18, 2023
About this deal
AI
Kashif Iqbal purchased a retail building known as K1 in Mott Haven, Bronx, for $8.6 million from Jose Keckek. The property is located at 600 East 138th Street and is situated in the Mott Haven market. It has a total buildable area of 45,562 square feet, with 37,500 square feet of built space and an additional 8,062 square feet of air rights. The building has a price per square foot of $229, and the price per buildable square foot is $189.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,600,000
- Address: 600 East 138th Street
- Market: Mott Haven, Bronx
- Total Square Footage: 45,562
- Price per Square Foot: $229
Kashif Iqbal, represented by his broker, closed the deal on April 18, 2023, and the transaction was officially recorded on May 24, 2023.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93