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
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.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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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