Bronx Villa LLC Acquires Development Site On College Ave For $400K
SOLD
$400,000
New York
See Similar DealsDevelopment Site
Sold 09/15/2020
SOLD
Bronx Villa LLC Acquires Development Site On College Ave For $400K
1230 College Ave, Bronx, NY, 10456
See Similar DealsDevelopment Site
Sold 09/15/2020
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$21,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,421.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,896.20
Annual Debt Service$22,754.45
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