Joe Riody Acquires Development Site In Mount Vernon For $425,000 Via Matthew Barbaccia Of Brix Real Estate Advisors
SOLD
$425,000
New York
See Similar DealsDevelopment Site10,455 SF
Sold 02/22/2024
SOLD
Joe Riody Acquires Development Site In Mount Vernon For $425,000 Via Matthew Barbaccia Of Brix Real Estate Advisors
134 South 4th Avenue
See Similar DealsDevelopment Site10,455 SF
Sold 02/22/2024
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$40
Total Square Footage:10,455 SF
Transaction Type:Sale
The development site located at 134 South 4th Avenue in Mount Vernon was sold in a transaction on 02/22/2024. The property spans 10,455 square feet and was sold for $425,000, translating to a price per square foot of $41. The seller was Stanley Stahl, and the buyer of this development site was Joe Riody. The transaction was facilitated by Matthew Barbaccia from Brix Real Estate Advisors.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $425,000
- Address: 134 South 4th Avenue
- Market: Mount Vernon
- Buyer: Joe Riody
- Seller: Stanley Stahl
- Broker: Matthew Barbaccia - Brix Real Estate Advisors
- SF: 10,455
- PPSF: $41
The key individuals involved in this transaction were Joe Riody, the buyer, Stanley Stahl, the seller, and Matthew Barbaccia from Brix Real Estate Advisors, who represented the deal.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$22,666.67
Debt Service Coverage Ratio (DSCR)
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Annual Debt Service$24,176.60
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