ADAPT Community Network Acquires Development Site In Morris Heights, Bronx For $3.95M
SOLD
$3,950,000
+ 1
New York
See Similar DealsDevelopment Site75,000 SF
Sold 03/13/2019
SOLD
ADAPT Community Network Acquires Development Site In Morris Heights, Bronx For $3.95M
1746 Andrews Avenue South, Bronx, NY 10453
See Similar DealsDevelopment Site75,000 SF
Sold 03/13/2019
+ 1
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$52
Total Square Footage:75,000 SF
Transaction Type:Sale
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:
- Property Type: Development Site
- Date: 03/13/2019
- Seller: Andrews Dev Corp
- Buyer: ADAPT Community Network
- Brokers: Josh Goldflam, Lou Corti, Guy Vardi, Andrew Tamayo - Highcap Group
- Sale Price: $3,950,000
- BSF: 75,000
- PPBSF: $52
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
Is there something missing? Send suggestions