SOLDRetail
Alex Weiss Acquires Retail Property In Bronx For $1.6M With Michael Gilbert & Epifanio Vargas - Gilco Realty LLC
6048-50 Riverdale Ave, Bronx, NY, USA
$1,600,000
$355/SF
Building Size
4,500 SF
Asset Type
Retail
Closing
Sep 14, 2021
AI
Located at 6048-50 Riverdale Ave in the Bronx, this retail property has been sold in a recent transaction. The property spans an area of 4,500 square feet.
Summary of transaction details
- Property Type: Retail
- Sale Price: $1,600,000
- Price Per Square Foot: $355
- Address: 6048-50 Riverdale Ave
- Market: Bronx
The buyer of this property is Alex Weiss, while the seller is Moshik Regev. The sale was facilitated by brokers Michael Gilbert & Epifanio Vargas from Gilco Realty LLC.
Players
Bronx 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93