Ed Lekaj Purchases Development Site At 1684 Weeks Avenue In Bronx For $1.2M With Brokers Seth Glasser & Michael Fusco
SOLD
New York
See Similar DealsDevelopment Site2,375 SF
Sold
SOLD
Ed Lekaj Purchases Development Site At 1684 Weeks Avenue In Bronx For $1.2M With Brokers Seth Glasser & Michael Fusco
1684 Weeks Avenue
See Similar DealsDevelopment Site2,375 SF
Sold
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$505
Total Square Footage:2375 SF
Transaction Type:Sale
The property asset involved in this transaction is a development site located at 1684 Weeks Avenue in the Bronx. The sale was completed for a transaction amount of $1,200,000, encompassing a total area of 2,375 square feet, which translates to a price per square foot of $505.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,200,000
- Address: 1684 Weeks Avenue
- Market: Bronx
- Square Footage: 2,375
- Price Per Square Foot: $505
- Buyer: Ed Lekaj
- Brokers: Seth Glasser & Michael (Mike) Fusco - Marcus & Millichap
The deal involved key individuals, including buyer Ed Lekaj and brokers Seth Glasser and Michael Fusco from Marcus & Millichap, representing the parties involved in this real estate transaction.
Players
BROKERAGE
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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