Updated Oct 28, 2024
Joel Mittelman's Skyward Developers LLC Acquires Development Site In Mount Eden, Bronx For $2.64M
1436 Jesup Avenue, Bronx, NY 10452, USA
$2,645,000
$89/SF
Building Size
29,670 SF
Asset Type
Development Site
Closing
Nov 15, 2021
About this deal
AI
A development site located at 1436-1438-1440 Jesup Ave. in Mount Eden, Bronx has been sold for a price of $2,645,000. The property spans a total square footage of 29,670 and offers a price per buildable square foot (PPBSF) of $89.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $2,645,000
- Address: 1436-1438-1440 Jesup Ave., Mount Eden, Bronx
- Market: Mount Eden, Bronx
- Buyer: Joel Mittelman - Skyward Developers LLC
- Seller: Carlos Colon, Migdalia Fermaintt & Jesus Quiñones
- Broker: Ronald Alexander Echavarria - RE/MAX
- BSF: 29,670
- PPBSF: $89
The buyer in this transaction is Joel Mittelman representing Skyward Developers LLC. The seller of the property is Carlos Colon, Migdalia Fermaintt, and Jesus Quiñones. The deal was facilitated by broker Ronald Alexander Echavarria from RE/MAX.
On the Map
$2,645,000
$89/SF
Development Site
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New York Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.00%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93