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
About this deal
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.
The retail sale at 6048-50 Riverdale Ave, Bronx, NY, USA in Bronx, New York sold for $1.6M in 2021. The building is 4,500 square feet, implying about 355 per square foot on the published price. Named participants on the 6048-50 Riverdale Ave, Bronx, NY, USA sale are Michael "Mike" Gilbert, Epifanio Vargas, Moshik Regev, Alex Weiss. This page is the Bronx, New York file for the 6048-50 Riverdale Ave, Bronx, NY, USA retail sold: pricing, party profiles, and other closed retail comps from the same Bronx sit in the Market section below. Filter that Bronx retail set by closing date to see what else sold near 6048-50 Riverdale Ave, Bronx, NY, USA around 2021. Published consideration for 6048-50 Riverdale Ave, Bronx, NY, USA is $1.6M, dated 2021. Cite this Alex Weiss Acquires Retail Property In Bronx For $1.6M With Michael Gilbert & Epifanio Vargas - Gilco Realty LLC sale when underwriting similar retail product around Bronx, New York.
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