Michael Zervos Acquires Retail Property In Wakefield, Bronx For $4.9M
SOLD
$4,900,000
New York
See Similar DealsRetail6,864 SF
Sold
SOLD
Michael Zervos Acquires Retail Property In Wakefield, Bronx For $4.9M
980 East 233rd Street, Bronx, NY 10466
See Similar DealsRetail6,864 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$713
Total Square Footage:6,864 SF
Transaction Type:Sale
The retail property located at 980 E. 233rd St. in Wakefield, Bronx has been sold for a price of $4,900,000. The transaction took place on 06/01/2021 and involved the buyer, Michael Zervos, and the seller, RJ Capital Holdings represented by Rudolf Abramov. The property spans approximately 6,864 square feet, resulting in a price per square foot of $713. The market for this asset was Wakefield, Bronx. The tenants of the retail space are Subway and Dunkin.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,900,000
- Date: 06/01/2021
- Address: 980 E. 233rd St.
- Buyer: Michael Zervos
- Seller: RJ Capital Holdings - Rudolf Abramov
- Tenants: Subway, Dunkin
Representing the buyer and seller in this deal were Michelle Abramov and Albert Aranbaev from ssetCRG. They played a key role in the successful completion of the transaction.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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