Bronx Villa LLC Acquires Development Site On College Ave For $400K
1230 College Ave, Bronx, NY, 10456
$400,000
Building Size
—
Asset Type
Development Site
Closing
Sep 15, 2020
AI
Located at 1230 College Ave, Bronx, NY, 10456, the development site in the Concourse Village section of the Bronx was sold for $400,000. The property spans 6,880 buildable square feet, and the transaction was facilitated by Steven Westreich, representing the buyer Bronx Villa LLC, and the seller, Ibrahim B Shatara Esq.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $400,000.00
- Market: Bronx
Westbridge Realty Group's Steven Westreich played a significant role in this deal, assisting Bronx Villa LLC in acquiring the development site at 1230 College Ave. On the other side of the transaction was Ibrahim B Shatara Esq., the seller who finalized the sale.
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
39.66%
Cash-on-Cash
-11.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93