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.
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