Steven & Raymond Chera Sell Retail Property In East Tremont For $3.7M
707-709 East Tremont Avenue, Bronx, NY, 10457, USA
$3,700,000
$567/SF
Building Size
6,518 SF
Asset Type
Retail
Closing
Dec 8, 2021
AI
The retail property located at 707-709 East Tremont Avenue in the East Tremont market has been sold for a price of $3,700,000. The property has a total square footage of 6,518, with a price per square foot of $567. The building has a total buildable square footage of 18,104, resulting in a price per buildable square foot of $204. The property is zoned as C4-4A.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,700,000
- Address: 707-709 East Tremont Avenue
- Market: East Tremont
- Zoning: C4-4A
- Square Footage: 6,518
- Price per Square Foot: $567
- Buildable Square Footage: 18,104
- Price per Buildable Square Foot: $204
The seller of the property is Steven & Raymond Chera. The transaction was facilitated by broker Itai Hakimian from HPNY.
Players
New York 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93