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
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