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
New York 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93