Aranit Ahmetaj Acquires Retail Property On East Tremont Ave For $6.5M
741-751 E Tremont Ave, The Bronx, New York, NY, USA
$6,500,000
$105/SF
Building Size
61,724 SF
Asset Type
Retail
Closing
Nov 25, 2020
About this deal
AI
Located at 741-751 E. Tremont Ave. in East Tremont, this retail property was recently sold in a closed transaction. The property is zoned as C4-4A and offers a total of 11,395 square feet of space. The sale took place on November 26, 2020, with a purchase price of $6,500,000. The buyer, Aranit Ahmetaj, acquired the property from the seller, Noh Family.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $6,500,000
- Address: 741-751 E. Tremont Ave.
- Market: East Tremont
- Zoning: C4-4A
The deal was facilitated by Robert D’Angelo from Off Market Advisors, representing the buyer, Aranit Ahmetaj. Off Market Advisors specializes in direct-to-owner, off-market transactions like this one. It is worth noting that the purchase price translates to approximately $570 per square foot, with a building square footage of 11,395. The property's buildable square footage stands at 61,724, resulting in a price per buildable square foot of $105.
If you are interested in similar off-market transactions, you can join Off Market Advisors' distribution list by clicking the link in their bio.
Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93