Elton & Paul Durgaj Acquire Development Site On Honeywell Avenue In Bronx For $1.38M
SOLD
$1,380,000
+ 2
New York
See Similar DealsDevelopment Site22,786 SF
Sold 09/03/2019
SOLD
Elton & Paul Durgaj Acquire Development Site On Honeywell Avenue In Bronx For $1.38M
1981 Honeywell Ave, The Bronx, NY 10460, USA
See Similar DealsDevelopment Site22,786 SF
Sold 09/03/2019
+ 2
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$60
Total Square Footage:22,786 SF
Transaction Type:Sale
The development site located at 1981-1985 Honeywell Avenue in Bronx, West Farms, has been sold in a closed transaction. The property was sold by Robert Yakubov to Elton & Paul Durgaj for a sale price of $1,380,000. The asking price for the property was $1,500,000. The development site spans 22,786 square feet and has a price per buildable square foot (PPBSF) of $60.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,380,000
- Address: 1981-1985 Honeywell Avenue
- Market: Bronx, West Farms
- Seller: Robert Yakubov
- Buyer: Elton & Paul Durgaj
- Asking Price: $1,500,000
- BSF: 22,786
- PPBSF: $60
The deal was facilitated by brokers Ohad Babo, Mickael Benichou, and Daniel Asherian, who represented their respective parties in the transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,902.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,541.90
Annual Debt Service$78,502.85
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