Ting Zhang Sells Development Site At 1270 Boston Rd Bronx For $2.2 Million
SOLD
$2,200,000
New York
See Similar DealsDevelopment Site
Sold 07/05/2024
SOLD
Ting Zhang Sells Development Site At 1270 Boston Rd Bronx For $2.2 Million
1270 Boston Rd
See Similar DealsDevelopment Site
Sold 07/05/2024
Summary
NEW YORK
Asset Type:Development Site
Lot Square Footage:7812 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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