Updated Oct 29, 2024
Inner Court Sanctuary Praise Palace Acquires Dev Site In Baychester For $1.28M
1575 East Gun Hill Road, Bronx, NY 10469
$1,280,000
$142/SF
Building Size
9,000 SF
Asset Type
Development Site
Closing
Mar 12, 2019
About this deal
AI
Jehovah’s Witnesses, Inc. has sold a development site located at 1575 E Gun Hill Rd in Baychester, Bronx. The property, spanning 9,000 square feet, was acquired by Inner Court Sanctuary Praise Palace for a total sale price of $1,280,000. The price per buildable square foot (PPBSF) is calculated at $142.
Summary of transaction details:
- Property Type: Dev Site
- Transaction Amount: $1,280,000
- Date: 03/13/2019
- Address: 1575 E Gun Hill Rd
- Market: Baychester, BX
Alfonso Holloman from Lee & Associates NYC served as the broker for this transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93