facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Development Site

/

Sale

/

1746 Andrews Avenue South, ...

ADAPT Community Network Acquires Development Site In Morris Heights, Bronx For $3.95M
SOLDDevelopment Site

ADAPT Community Network Acquires Development Site In Morris Heights, Bronx For $3.95M

1746 Andrews Avenue South, Bronx, NY 10453

$3,950,000

$52/SF

Building Size

75,000 SF

Asset Type

Development Site

Closing

Mar 12, 2019

AI

Located in Morris Heights, Bronx, this development site at 1746 Andrews Avenue has been sold in a recent transaction. The property was sold by Andrews Dev Corp to ADAPT Community Network.

Summary of transaction details:

The deal was facilitated by brokers from Highcap Group, namely Josh Goldflam, Lou Corti, Guy Vardi, and Andrew Tamayo. They represented both the buyer and the seller in the transaction, working to ensure a successful deal.

Players

Andrew Tamayo

Broker

$4M

vol

1 deal

Broker
DC
Dev CorpSeller

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93