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1952 Anthony Avenue

Yeruchem Israel Acquires Development Site In Mt Hope, Bronx For $4M From David Goldberger
SOLDDevelopment Site

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

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.

Players

David Goldberger

Seller

$68.3M

vol

4 deals

Seller

Bronx 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93