Updated Oct 29, 2024
Arnav 188 LLC Acquires Development Site In Mott Haven, Bronx For $11M
188 E 135th St, The Bronx, NY 10451, USA
$11,000,000
$14/SF
Building Size
738,780 SF
Asset Type
Development Site
Closing
Nov 29, 2018
About this deal
AI
An development site located at 188 East 135th Street in the Bronx neighborhood of Mott Haven has been sold for $11,000,000. The property spans 73,878 square feet and has a price per buildable square foot (PPBSF) of $148. The transaction was completed by buyer Arnav 188 LLC, represented by Mordechai Hirsch, and seller GAD Holding Corp., represented by Domenic Mariani.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $11,000,000
- Address: 188 East 135th Street
- Market: Mott Haven, Bronx
- BSF: 73,878
- PPBSF: $148
- Seller: GAD Holding Corp. – Domenic Mariani
- Buyer: Arnav 188 LLC – Mordechai Hirsch
- Brokers: Joshua Agosto, Yagnesh Vangala @XRE.NY
The sale of this development site was facilitated by brokers Joshua Agosto and Yagnesh Vangala from XRE.NY. The deal brings together key individuals and companies, showcasing the collaborative efforts of the buyer and seller represented by their respective brokers.
On the Map
$11,000,000
$14/SF
Development Site
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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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93