Updated Sep 9, 2024
Abe Kayme Acquires Development Site On Southern Boulevard In Bronx For $1.375M
1288 Southern Boulevard
$1,375,000
Building Size
—
Asset Type
Development Site
Closing
Jan 26, 2023
About this deal
AI
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.
On the Map
$1,375,000
Development Site
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Players
Market 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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93