Mohamed Ande Purchases Retail Property At 638 East 169th Street Bronx For $3.8M With David Simone As The Broker
638 East 169th Street
$3,800,000
$243/SF
Building Size
15,582 SF
Asset Type
Retail
Closing
Jun 21, 2024
AI
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
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93