Mohamed Ahmed Purchases Retail Asset At 1150 Webster Avenue Bronx For $9.25M With Shanie Baran As Buyer's Rep
1150 Webster Avenue
$9,250,000
$286/SF
Building Size
32,340 SF
Asset Type
Retail
Closing
Jun 29, 2026
AI
The property asset involved in the transaction is a retail space located at 1150 Webster Avenue in the Bronx. The sale price for this asset was $9,250,000, and it has a total square footage of 32,340, translating to a price per square foot of $286.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,250,000
- Address: 1150 Webster Avenue
- Market: Bronx
- Square Footage: 32,340
- Price Per Square Foot: $286
- Buyer: Mohamed Ahmed
- Seller: Jose Tavarez
- Buyer's Representative: Shanie Baran - Sovereign Realty of NY & Inc.
- Seller's Representative: Louis Moskowitz
The transaction involved key individuals, with Shanie Baran representing the buyer, Mohamed Ahmed, and Louis Moskowitz acting as the representative for the seller, Jose Tavarez. Both representatives played critical roles in facilitating the deal.
Players
Bronx Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93