Nieves Pena Sells Development Site At 1004 Woodycrest Avenue In Bronx For $1.2M
SOLD
$1,200,000
New York
See Similar DealsDevelopment Site3,500 SF
Sold
SOLD
Nieves Pena Sells Development Site At 1004 Woodycrest Avenue In Bronx For $1.2M
1004 Woodycrest Avenue
See Similar DealsDevelopment Site3,500 SF
Sold
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$342
Total Square Footage:3,500 SF
Transaction Type:Sale
The asset involved in this transaction is a development site located at 1004 Woodycrest Avenue in the High Bridge market of Bronx. The sale price was $1,200,000, and the building square footage (BSF) is 12,040, resulting in a price per building square foot (PPBSF) of $99.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,200,000
- BSF: 12,040
- PPBSF: $99
- Seller: Nieves Pena
- Brokers: Jared Friedman, David Roman & Brandon Levy - Investment Property Realty Group (IPRG)
- Sale Date: 03/31/2025
This transaction involved brokers Jared Friedman, David Roman, and Brandon Levy, representing the seller Nieves Pena, showcasing their roles in facilitating the sale of the development site.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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