facebook
Traded Co logo
Submit

Bronx Pro Group Acquires Development Site At 1770 Jerome Avenue For $10.2 Million

Property Image
SOLD
$10,200,000

New York

See Similar Deals
Development Site11,150 SF
Sold 10/18/2024
the dealplayerscompscontact
Property Image
SOLD

Bronx Pro Group Acquires Development Site At 1770 Jerome Avenue For $10.2 Million

1770 Jerome Avenue

See Similar Deals
Development Site11,150 SF
Sold 10/18/2024
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$914
Total Square Footage:11,150 SF
Transaction Type:Sale

A development site located at 1770 Jerome Avenue in the Bronx has been sold for $10,200,000. The property features a total building square footage of 113,983 and a price per building square foot of $90. Additionally, the site has a total square footage of 11,150 with a price per square foot of $914.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $10,200,000
  • Address: 1770 Jerome Avenue
  • Market: Bronx
  • Building Square Footage: 113,983
  • Price per Building Square Foot: $90
  • Total Square Footage: 11,150
  • Price per Square Foot: $914
  • Buyer: Bronx Pro Group - Samantha Magistro
  • Seller: JBL Realty - Joseph Barone
  • Brokers: Karl Brumback, Giancarlo Cugini & Jonathan Hageman - JLL

Key individuals involved in the transaction include Samantha Magistro representing Bronx Pro Group as the buyer and Joseph Barone representing JBL Realty as the seller. The brokerage team from JLL, consisting of Karl Brumback, Giancarlo Cugini, and Jonathan Hageman, facilitated the transaction.

Players

Jonathan (Jon) Hageman
59 deals$2.5B volume(212) 812-5995
BROKER

Karl Brumback
JLL
25 deals$388.3M volume(917) 509-9660
BROKER

Giancarlo Cugini
JLL
18 deals$126M volume(914) 552-6403
BROKER

Details

SOLD
IMAGE: IMAGE: Jonathan Hageman, Karl Brumback & Giancarlo Cugini DATE: 10/18/2024 ADDRESS: 1770 Jerome Avenue MARKET: Bronx ASSET TYPE: Development Site BUYER: Bronx Pro Group - Samantha Magistro SELLER: JBL Realty - Joseph Barone BROKERS: Karl Brumback, Giancarlo Cugini & Jonathan Hageman - JLL (@JLL) SALE PRICE: $10,200,000 BSF: 113,983 ~ PPBSF: $90 SF: 11,150 ~ PPSF: $914

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$544,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,238.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,353.20
Annual Debt Service$580,238.45