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2063 2065 2067 Anthony Aven...

Alex Gil Acquires Development Site On Anthony Ave. In Bronx For $2.5M
SOLD

Alex Gil Acquires Development Site On Anthony Ave. In Bronx For $2.5M

2063 2065 2067 Anthony Avenue, Bronx, Ny 10457

$2,500,000

Building Size

Asset Type

Closing

Jul 1, 2022

AI

A development site located at 2063-2065-2067 Anthony Ave. in the Bronx has been sold for $2,500,000. The property spans a total of 30,100 square feet, with a price per square foot of approximately $83. The transaction took place on July 1, 2022.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,500,000
  • Address: 2063-2065-2067 Anthony Ave., Bronx
  • Market: Bronx
  • Buyer: Alex Gil
  • Seller: Islam Mohammed, Flora Wood & Nickcole Lambus
  • Broker: Ronald Alexander Echavarria - RE/MAX

Ronald Alexander Echavarria of RE/MAX acted as the broker in this transaction. He was able to bring together three individual sellers and present a package deal to the market, providing tremendous value to both the sellers and the buyer. Echavarria also mentioned that there are more similar deals in the pipeline, expected to come to the market soon.

Players

Ronald Alexander Echavarria

Re/Max

Broker

$8.2M

vol

4 deals

Broker

Pawtucket CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93