Updated May 12, 2025
Nieves Pena Sells Development Site At 1004 Woodycrest Avenue In Bronx For $1.2M
1004 Woodycrest Avenue
$1,200,000
$342/SF
Building Size
3,500 SF
Asset Type
Development Site
Closing
Mar 31, 2025
About this deal
AI
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.
On the Map
$1,200,000
$342/SF
Development Site
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Players
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93