SKF Development Acquires Development Site In Bedford Park, Bronx For $3.8M
SOLD
$3,800,000
New York
See Similar DealsDevelopment Site43,627 SF
Sold 03/18/2021
SOLD
SKF Development Acquires Development Site In Bedford Park, Bronx For $3.8M
171-173 E 205th St, The Bronx, NY, USA
See Similar DealsDevelopment Site43,627 SF
Sold 03/18/2021
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$87
Total Square Footage:43,627 SF
Transaction Type:Sale
171-173 East 205th St., located in Bedford Park, Bronx, has been sold in a closed property transaction. The development site was purchased by SKF Development from Zef Dedaj. The sale was facilitated by Zachary Fuchs of GFI Realty Services LLC.
Summary of transaction details
- Property Type: Development Site
- Sale Price: $3,800,000
- Building Square Footage: 43,627
- Price per Building Square Foot: $87
- Date: 03/18/2021
- Market: Bedford Park, Bronx
The buyer, SKF Development, acquired the property from the seller, Zef Dedaj. The transaction was overseen by Zachary Fuchs from GFI Realty Services LLC.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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