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1270 Boston Rd

Ting Zhang Sells Development Site At 1270 Boston Rd Bronx For $2.2 Million
SOLDDevelopment Site

Ting Zhang Sells Development Site At 1270 Boston Rd Bronx For $2.2 Million

1270 Boston Rd

$2,200,000

Building Size

Asset Type

Development Site

Closing

Jul 5, 2024

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.

Players

Andrew Levine

Invictus Property Advisors

Broker

$453.3M

vol

67 deals

Broker
Ting Zhang

Ting Zhang

Seller

$4.9M

vol

2 deals

Seller

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93