Updated Oct 28, 2024
Spaxel Acquires Bronx Development Site On Anthony Avenue For $4.15M
1828 Anthony Avenue, Bronx, NY, USA
$4,150,000
$75/SF
Building Size
54,986 SF
Asset Type
Development Site
Closing
Oct 28, 2021
About this deal
AI
A development site located at 1824-1828 Anthony Avenue in Bronx has been sold for a price of $4,150,000. The site spans a total square footage of 54,986 and has a price per square foot of $75. The transaction took place on October 28, 2021.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,150,000
- Address: 1824-1828 Anthony Avenue
- Market: Bronx
- Seller: David Shamooil & Danny Shamooil
- Buyer: Spaxel - Granit Gjonbalaj
- Seller's Representative: Jordan Sutton, Jonathan Squires & Joshua Neustadter - Cushman & Wakefield
- BSF: 54,986
- PPBSF: $75
The transaction was facilitated by the seller's representatives, Jordan Sutton, Jonathan Squires, and Joshua Neustadter, from the real estate agency Cushman & Wakefield.
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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93