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2 Wade Square

Yosi Beer Acquires Development Site In Bronx From Ari Thaler For $2.9M With Eddie Hila's Representation
SOLDDevelopment Site

Yosi Beer Acquires Development Site In Bronx From Ari Thaler For $2.9M With Eddie Hila's Representation

2 Wade Square, 2165 Arthur Avenue & 2167 Arthur Avenue

$2,900,000

$29/SF

Building Size

97,692 SF

Asset Type

Development Site

Closing

Nov 20, 2024

AI

The transaction involves a development site located at 2 Wade Square, 2165 Arthur Avenue & 2167 Arthur Avenue in the Bronx. The sale price was $2,900,000 for a total square footage of 32,564, resulting in a price per square foot of $89.

Summary of transaction details:

The deal was facilitated by Eddie Hila representing the buyer, Yosi Beer, while the seller, Ari Thaler, was represented by Alexandre Goulet and Magdalena Denisiuk. Their involvement highlights the collaborative effort by the brokers to successfully complete this transaction.

Players

Alexandre Goulet

Landair Advisors

Broker

$163.2M

vol

45 deals

Broker

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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93