Updated Oct 29, 2024
Ari Thaler Acquires Development Site In University Heights, Bronx For $2.15M
1806 Anthony Ave, The Bronx, NY 10457, USA
$2,150,000
$4/SF
Building Size
445,000 SF
Asset Type
Development Site
Closing
Nov 1, 2018
About this deal
AI
A development site located at 1806-1808 Anthony Ave in University Heights, Bronx has been sold for a price of $2,150,000. The site spans 44,500 square feet and has a price per buildable square foot (PPBSF) of $48.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,150,000
- Address: 1806-1808 Anthony Ave
- Market: University Heights, Bronx
- BSF: 44,500
- PPBSF: $48
The seller of the development site was Nisan Badalov. The buyers are Ari Thaler and Micasa Living NY. The deal was facilitated by the broker, Baruch (Barry) Thaler of NYC Peek.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93