Hakimian of Highcap Group is sole broker in $1.3 million Bronx sale

Bronx, NY Daniel Hakimian, investment sales associate at Highcap Group, has closed the sale of the building located at 240 East Tremont Ave. in the Mount Hope section of the borough for $1.3 million. Hakimian represented the buyer and seller in an off-market transaction.

The subject property is a four-story mixed-use building totaling 12,160 s/f. The building is comprised of six apartments and one commercial space. The building has 38 ft. of frontage on East Tremont Ave. and is located one block from the B and D trains at Tremont Ave.

The sale price equates to $185,714 per unit, with a rent roll multiple of 10.5X and a capitalization rate of 5.6%.

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