Updated Dec 4, 2024
Yeruchem Israel Acquires Development Site In Mt Hope, Bronx For $4M From David Goldberger
1952 Anthony Avenue
$4,000,000
Building Size
—
Asset Type
Development Site
Closing
Nov 8, 2023
About this deal
AI
Yeruchem Israel, operating through 1952 Anthony Ave Mbsd LLC, has acquired a development building located at 1952 Anthony Avenue in Mt Hope, Bronx. The property was purchased for a total of $4 million from David Goldberger's entity, Anthony Residents LLC. This development site in Mt Hope offers a total square footage (BSF) of 30,783 and a price per square foot (PPBSF) of $130.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Address: 1952 Anthony Avenue
- Market: Mt Hope, Bronx
- Buyer: Yeruchem Israel
- Seller: David Goldberger
Yeruchem Israel, as the buyer, made the acquisition through their entity 1952 Anthony Ave Mbsd LLC. On the other hand, David Goldberger's entity, Anthony Residents LLC, acted as the seller in this transaction.
On the Map
$4,000,000
Development Site
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93