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Matthew Kelly Acquires Vacant Land In West Farms, Bronx For $10.5M

Property Image
SOLD
$10,458,750

New York

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200,529 SF
Sold 12/22/2021
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Property Image
SOLD

Matthew Kelly Acquires Vacant Land In West Farms, Bronx For $10.5M

2082 Boston Road, The Bronx, New York 10460, United States

See Similar Deals
200,529 SF
Sold 12/22/2021
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Summary

NEW YORK
Price Per Square Foot:$52
Total Square Footage:200,529 SF
Transaction Type:Sale

The vacant land located at 2082 Boston Road in West Farms, Bronx has been sold in a recent transaction. The property has a total lot size of 76,664 square feet and is zoned as R8 and R7-1. The lot dimensions measure 243.08 feet by 266.5 feet.

Summary of transaction details

  • Property Type: Vacant Land
  • Transaction Amount: $10,458,750
  • Buyer: Matthew Kelly
  • Seller: Matthew Kelly
  • Building Square Footage: 461,517
  • Price Per Buildable Square Foot: $23
  • Lot Square Footage: 200,529
  • Price Per Square Foot: $52
  • FAR: 2.62
  • Tax Class: 2
  • Last Sale Price: $0 (01/07/2016)

This transaction involved Matthew Kelly as both the buyer and the seller. The property was sold for a price of $10,458,750. The building on the land has a total square footage of 461,517 and a price per buildable square foot of $23. The lot itself has a square footage of 200,529 and a price per square foot of $52. The FAR (Floor Area Ratio) is calculated at 2.62, and the property is classified as Tax Class 2. The previous sale of the property took place on January 7, 2016, with a sale price of $0.

Players

2 deals$14M volume
BUYER

Details

SOLD
IMAGE: 12/22/2021 ADDRESS: 2082 Boston Road MARKET: West Farms, Bronx ASSET TYPE: Vacant Land ~ ZONING: R8, R7-1 BUYER: Matthew Kelly SELLER: Matthew Kelly PRICE: $10,458,750 BSF: 461,517 ~ PPBSF: $23 SF: 200,529 ~ PPSF: $52 FAR: 2.62 TAX CLASS: 2 LOT SIZE: 76,664 LAST SALE PRICE: $0 (01/07/2016) LOT DIMENSION: 243.08 ft x 266.5 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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