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1107 Fox St, The Bronx, NY ...

Daniel Gabay Sells Foxhurst Development Site On Fox Street For $3.2M With Jonathan Squires & Michael Fioravanti
SOLDDevelopment Site

Daniel Gabay Sells Foxhurst Development Site On Fox Street For $3.2M With Jonathan Squires & Michael Fioravanti

1107 Fox St, The Bronx, NY 10459, Estados Unidos

$3,200,000

$7/SF

Building Size

446,990 SF

Asset Type

Development Site

Closing

Oct 15, 2020

AI

A development site located at 1107-1111 Fox Street in Foxhurst, Bronx, has been sold for a price of $3,200,000. The property has a total buildable square footage (BSF) of 44,699 and a price per buildable square foot (PPBSF) of $71. The seller of the property is Daniel Gabay.

Summary of transaction details

  • Property Type: Development site
  • Transaction Amount: $3,200,000
  • Address: 1107-1111 Fox Street, Foxhurst, Bronx
  • Market: Foxhurst, Bronx
  • Zoning: R7-1

The buyer of the property was not disclosed in the information provided. The transaction was facilitated by brokers Jonathan Squires and Michael Fioravanti from Team Shapiro Investment Sales and Cushman & Wakefield, respectively.

Players

Michael Fioravanti

H2C Securities

Broker

$82.8M

vol

15 deals

Broker

Daniel Gabay

Seller

$4.7M

vol

4 deals

Seller

New York 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93