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1164 Fox Street, The Bronx,...

Abe Biller Acquires Development Site On Fox St. In Foxhurst, Bronx For $2.3M
SOLDDevelopment Site

Abe Biller Acquires Development Site On Fox St. In Foxhurst, Bronx For $2.3M

1164 Fox Street, The Bronx, New York 10459, United States

$2,300,000

$56/SF

Building Size

40,736 SF

Asset Type

Development Site

Closing

May 1, 2022

AI

The development site located at 1164, 1166, and 1168 Fox St. in Foxhurst, Bronx, was recently sold for a transaction amount of $2,300,000. The property spans a total of 30,100 square feet, resulting in a price per square foot of $76. The sale took place on 05/02/2022 and involved the buyer, Abe Biller, and the seller, Robert Matatov.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,300,000
  • Address: 1164, 1166 & 1168 Fox St.
  • Market: Foxhurst, Bronx
  • Seller: Robert Matatov
  • Buyer: Abe Biller
  • Brokers: Yuriy Ustoyev & Mark Akilov Esq. - Asset CRG Advisors LLC
  • BSF: 30,100
  • PPBSF: $76

The transaction was facilitated by Yuriy Ustoyev and Mark Akilov Esq., representing Asset CRG Advisors LLC as brokers for the deal. Their expertise and guidance were instrumental in bringing the buyer and seller together for this successful transaction.

Players

Mark Akilov

Asset CRG Advisors

Broker

$19M

vol

13 deals

Broker

Robert Matatov

Seller

$3.4M

vol

2 deals

Seller
S3 Capital
S3 CapitalLender

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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93