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638 East 169th Street

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

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

David Simone

Concourse Realty

Broker

$143.1M

vol

25 deals

Broker

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