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1004 Woodycrest Avenue

Nieves Pena Sells Development Site At 1004 Woodycrest Avenue In Bronx For $1.2M
SOLDDevelopment Site

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

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:

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.

Players

Jared Friedman

Investment Property Realty Group (IPRG)

Broker

$34.9M

vol

26 deals

Broker

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