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

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SOLD
$3,500,000

New York

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Development Site105,000 SF
Sold 04/30/2019
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Property Image
SOLD

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

1325 Boston Road, Bronx, NY, USA

See Similar Deals
Development Site105,000 SF
Sold 04/30/2019
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$33
Total Square Footage:105,000 SF
Transaction Type:Sale

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

3 deals$8.1M volume
BROKER

Kathy Zamechansky
6 deals$11.3M volume(347) 386-9452
BROKER

BUYER


Details

SOLD
IMAGE: Kathy Zamechansky 💁🏼‍♀️ DATE: 04/30/2019 ADDRESSES: 1325 Boston Road, 1330 Clinton Avenue MARKET: Bronx ASSET TYPE: Development Site SELLER: Billy Schur BUYER: @Joseph_Yunason & Danielle (@DanBen10) & Ronnie Ben-Ishay - JLD Advisory BROKERS: Kathy Zamechansky KZA Realty Group, Gavriel Katan SALE PRICE: $3,500,000 BSF: 105K ~ PPBSF: $33

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$186,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43