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Manuel Diaz & Seneida Diaz Acquire Retail Property In Unionport, Bronx For $6.3M

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SOLD
$6,300,000

New York

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Retail10,392 SF
Sold 05/23/2023
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Property Image
SOLD

Manuel Diaz & Seneida Diaz Acquire Retail Property In Unionport, Bronx For $6.3M

80 Hugh J Grant Circle Bronx, New York 10472, USA

See Similar Deals
Retail10,392 SF
Sold 05/23/2023
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$606
Total Square Footage:10,392 SF
Transaction Type:Sale

Manuel Diaz and Seneida Diaz have acquired the retail building located at 80 Hugh J Grant Circle in Unionport, Bronx. The property was sold by Abro Management, represented by Richard Scharf of Tuckahoe Realty LLC. The sale price for the transaction was $6.3 million.

Summary of transaction details:

  • Property Type: Retail
  • Sale Price: $6,300,000
  • Address: 80 Hugh J Grant Circle, Unionport, Bronx
  • Seller: Abro Management - Richard Scharf
  • Buyer: Manuel Diaz & Seneida Diaz

The retail building spans across approximately 10,392 square feet. The price per square foot for this property is estimated to be $606. Additionally, the building has a building square footage (BSF) of 25,877, with a price per BSF (PPBSF) of $244.

Note: Manuel Diaz and Seneida Diaz acquired the retail building located at 80 Hugh J Grant Circle in Unionport, Bronx, from Abro Management, represented by Tuckahoe Realty LLC, for a sum of $6.3 million.

Players

5 deals$54.7M volume
SELLER

Details

SOLD
IMAGE: 05/23/2023 ADDRESS: 80 Hugh J Grant Circle MARKET: Unionport, Bronx ASSET TYPE: Retail BUYER: Manuel Diaz & Seneida Diaz SELLER: Abro Management - Richard Scharf SALE PRICE: $6,300,000 BSF: 25,877 ~ PPBSF: $244 SF: 10,392 ~ PPSF: $606 NOTE: Manuel Diaz and Seneida Diaz purchased the retail building located at 80 Hugh J Grant Circle in Unionport, Bronx, from Abro Management, represented by Tuckahoe Realty LLC, for a sum of $6.3 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$336,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57