Updated Apr 3, 2025
Ting Zhang Sells Development Site At 1270 Boston Rd Bronx For $2.2 Million
1270 Boston Rd
$2,200,000
Lot Size
7,812 SF
Asset Type
Development Site
Closing
Jul 5, 2024
About this deal
AI
The property asset involved in this transaction is a development site located at 1270 Boston Rd in the Bronx market. The transaction was concluded at a price of $2,200,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,200,000.00
- Address: 1270 Boston Rd
- Market: Bronx
- Seller: Ting Zhang
- Broker Representatives: Josh Lipton (Invictus), Andrew Levine (Invictus)
In this transaction, Ting Zhang served as the seller, while the brokers representing the deal were Josh Lipton and Andrew Levine from Invictus, facilitating the process throughout the sale.
On the Map
$2,200,000
Development Site
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Players
Bronx 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93