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1325 Boston Road, Bronx, NY...

Joseph Yunason & Danielle Ben-Ishay Acquire Bronx Development Site For $3.5M
SOLDDevelopment Site

Joseph Yunason & Danielle Ben-Ishay Acquire Bronx Development Site For $3.5M

1325 Boston Road, Bronx, NY, USA

$3,500,000

$33/SF

Building Size

105,000 SF

Asset Type

Development Site

Closing

Apr 29, 2019

AI

1325 Boston Road and 1330 Clinton Avenue, located in the Bronx, have been sold in a recent transaction. The development site was purchased by Joseph Yunason and Danielle & Ronnie Ben-Ishay from seller Billy Schur. The deal was facilitated by brokers Kathy Zamechansky of KZA Realty Group and Gavriel Katan. The sale price for the property was $3,500,000, with a buildable square footage of 105,000. The price per buildable square foot was $33.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,500,000
  • Seller: Billy Schur
  • Buyer: Joseph Yunason & Danielle & Ronnie Ben-Ishay - JLD Advisory
  • Broker: Kathy Zamechansky - KZA Realty Group
  • Broker: Gavriel Katan
  • Buildable Square Footage: 105,000

Kathy Zamechansky and Gavriel Katan played a crucial role in representing the buyer and seller in this transaction. The deal signifies the successful collaboration between Joseph Yunason, Danielle & Ronnie Ben-Ishay, Billy Schur, and the brokerage firms involved.

Players

Gabi Katan

REDA Group

Broker

$8.1M

vol

3 deals

Broker
JA
JLD AdvisoryBuyer

New York 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93