Updated Oct 29, 2024
SKF Development Acquires Development Site In Bedford Park, Bronx For $3.8M
171-173 E 205th St, The Bronx, NY, USA
$3,800,000
$87/SF
Building Size
43,627 SF
Asset Type
Development Site
Closing
Mar 17, 2021
About this deal
AI
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.
On the Map
$3,800,000
$87/SF
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93