Alejandro Quito Sells Mixed-Use Property In Mott Haven For $6.8M
540 Concord Avenue
$6,800,000
Building Size
—
Asset Type
Mixed-use
Closing
Feb 17, 2022
AI
The mixed-use property located at 540 Concord Avenue in Mott Haven, Bronx was recently sold for $6,800,000. The transaction was facilitated by Alejandro Quito, the seller, and Greg Corbin of Rosewood Realty Group, who represented the seller as the broker. The property consists of 38 units, resulting in a price per unit of $178,947.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,800,000
- Address: 540 Concord Avenue
- Market: Mott Haven, Bronx
- Units: 38
- Price per Unit (PPU): $178,947
Greg Corbin from Rosewood Realty Group played a vital role as Alejandro Quito's broker representative in this deal. The successful transaction highlights the collaborative efforts of both parties involved.
Bronx Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93