Mosses Freun Acquires Development Site In Bronx From Kim Ju For $4.2 Million
101 East Kingsbridge Road
$4,200,000
$708/SF
Building Size
5,928 SF
Asset Type
Development Site
Closing
Jan 24, 2025
AI
The property involved in this transaction is a development site located at 101 East Kingsbridge Road in the Bronx. The sale price for this asset is $4,200,000, with a square footage of 5,928 and a price per square foot of $708. The building has a total building square footage of 35,687, translating to a price per building square foot of $118.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,200,000
- Buyer: Mosses Freun
- Seller: Kim Ju
- Broker: Eddie Hila - Hillstone Properties NY
- Square Footage: 5,928
- Price per Square Foot: $708
- Building Square Footage: 35,687
- Price per Building Square Foot: $118
The transaction was facilitated by Eddie Hila, representing Hillstone Properties NY. Those interested in development opportunities can reach out to Eddie Hila at +1 (347) 444-6487 or via email at [email protected].
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93