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80 Hugh J Grant Circle Bron...

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

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

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

$6,300,000

$606/SF

Building Size

10,392 SF

Asset Type

Retail

Closing

May 23, 2023

AI

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

Richard Scharf

Abro Management

Seller

$54.7M

vol

5 deals

Seller

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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93