Alex Korol Sells Development Site In West Farms, Bronx For $2.12M With Brokers Jason Gold, Daniel Mahfar, And Lawrence Sarn - Ariel Property Advisors
1975 Honeywell Avenue, The Bronx, New York 10460, United States
$2,125,000
$71/SF
Building Size
29,770 SF
Asset Type
Development Site
Closing
Dec 29, 2021
AI
Located in West Farms, Bronx, the development site at 1975 Honeywell Avenue has been sold in a recent transaction. The property is characterized as a development site with a zoning classification of R7-1. The lot dimensions measure 91.44 feet by 95 feet, offering ample space for potential development.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $2,125,000
- Building Square Footage (BSF): 29,770
- Price per Building Square Foot (PPBSF): $71
- Address: 1975 Honeywell Avenue
- Market: West Farms, Bronx
The sale of this property was facilitated by the team of brokers consisting of Jason Gold, Daniel Mahfar, and Lawrence Sarn from Ariel Property Advisors. Their expertise and representation contributed to the successful completion of the transaction.
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
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93