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Mohamed Ande Purchases Retail Property At 638 East 169th Street Bronx For $3.8M With David Simone As The Broker

Property Image
SOLD
$3,800,000

New York

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Retail15,582 SF
Sold 06/21/2024
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Property Image
SOLD

Mohamed Ande Purchases Retail Property At 638 East 169th Street Bronx For $3.8M With David Simone As The Broker

638 East 169th Street

See Similar Deals
Retail15,582 SF
Sold 06/21/2024
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$243
Total Square Footage:15,582 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 638 East 169th Street in the Bronx market. It was sold for a price of $3,800,000, encompassing a total square footage of 15,582 square feet, which equates to a price per square foot of $244.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,800,000
  • Address: 638 East 169th Street
  • Market: Bronx
  • Square Footage: 15,582
  • Price Per Square Foot: $244
  • Buyer: Mohamed Ande
  • Seller: Pedro Martinez
  • Broker: David Simone - Concourse Realty

This transaction features Mohamed Ande as the buyer and Pedro Martinez as the seller, facilitated by broker David Simone from Concourse Realty. The details highlight the partnership in this commercial real estate deal without reiterating previously mentioned information.

Players

David Simone
Concourse Realty
David Simone
25 deals$143.1M volume(212) 207-2403
BROKER

Details

SOLD
IMAGE: David Simone DATE: 06/21/2024 ADDRESS: 638 East 169th Street MARKET: Bronx ASSET TYPE: Retail BUYER: Mohamed Ande SELLER: Pedro Martinez BROKER: David Simone - Concourse Realty (@ConcourseNYC) SALE PRICE: $3,800,000 SF: 15,582 ~ PPSF: $244

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
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