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

Property Image
SOLD
$2,500,000

New York

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Sold 07/01/2022
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Property Image
SOLD

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

2063 2065 2067 Anthony Avenue, Bronx, Ny 10457

See Similar Deals
Sold 07/01/2022
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Transaction Type:Sale

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
Ronald Alexander Echavarria
4 deals$8.2M volume
BROKER

Details

SOLD
IMAGE: Ronald Alexander Echavarría DATE: 07/01/2022 ADDRESS: 2063-2065-2067 Anthony Ave. MARKET: Bronx ASSET TYPE: Development Site BUYER: Alex Gil SELLER: Islam Mohammed, Flora Wood & Nickcole Lambus BROKER: Ronald Alexander Echavarria (@RonaldAlexanderNYC) - RE/MAX SALE PRICE: $2,500,000 BSF: 30,100 ~ PPBSF: $83 NOTE FROM BROKER: Broker was able to bring three individual sellers together and present this package deal to the market, adding tremendous value to both sellers and buyer. A few more of these type of deals exist in the pipeline, soon to come to market.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31