Abe Kayme Acquires Development Site On Southern Boulevard In Bronx For $1.375M
SOLD
$1,375,000
New York
See Similar DealsDevelopment Site
Sold 01/26/2023
SOLD
Abe Kayme Acquires Development Site On Southern Boulevard In Bronx For $1.375M
1288 Southern Boulevard
See Similar DealsDevelopment Site
Sold 01/26/2023
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
A development site located at 1288 Southern Boulevard in the Bronx has been sold for a total price of $1,375,000. The property spans a total of 4,859 square feet, resulting in a price per square foot of $283. The building size is 19,500 square feet, equating to a price per buildable square foot of $71. The transaction took place on January 26, 2023.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $1,375,000
- Address: 1288 Southern Boulevard, Bronx
- Market: Bronx
- Buyer: Abe Kayme
- Seller: Joe Djemal
- Broker: David Simone - Concourse Realty
David Simone from Concourse Realty represented the buyer and seller in this deal, acting as the broker. This successful transaction emphasizes the value and potential of the development site.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42
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