Updated Sep 9, 2024
Friedman-Roth Realty Sells Development Site In New York City For $2.1M
1119 Boston Rd Bronx, NY 10456, USA
$2,100,000
$284/SF
Building Size
7,389 SF
Asset Type
Development Site
Closing
Jul 11, 2023
About this deal
AI
A development site located at 1119 Boston Road in New York City has been sold for $2,100,000. The property spans 7,389 square feet, resulting in a price per square foot of $284.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,100,000
- Address: 1119 Boston Road
- Market: New York City
- Square Footage: 7,389
- Price Per Square Foot: $284
The broker involved in the sale of this development site is Richard Guarino from Friedman-Roth Realty.
The development site sale at 1119 Boston Rd Bronx, NY 10456, USA in New York, New York sold for $2.1M in 2023. The building is 7,389 square feet, implying about 284 per square foot on the published price. Richard Guarino, Friedman-Roth Realty appear on the sale alongside Friedman-Roth Realty. This page is the New York, New York file for the 1119 Boston Rd Bronx, NY 10456, USA development site sold: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else sold near 1119 Boston Rd Bronx, NY 10456, USA around 2023. Published consideration for 1119 Boston Rd Bronx, NY 10456, USA is $2.1M, dated 2023. Cite this Friedman-Roth Realty Sells Development Site In New York City For $2.1M sale when underwriting similar development site product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93