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

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SOLD
$2,900,000

New York

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Development Site97,692 SF
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SOLD

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

See Similar Deals
Development Site97,692 SF
Sold
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$29
Total Square Footage:97692 SF
Transaction Type:Sale

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 (Alex) Goulet
44 deals$161.2M volume
BROKER

Magdalena Denisiuk
Landair Advisors
2 deals$10.8M volume(929) 602-2644
BROKER

Eduard (Eddie) Hila
 Hillstone Properties NY
11 deals$34M volume(347) 444-6487
BROKER

Details

SOLD
IMAGE: Eddie Hila, Alexandre Goulet & Magdalena Denisiuk DATE: 11/20/2024 ADDRESS: 2 Wade Square, 2165 Arthur Avenue & 2167 Arthur Avenue MARKET: Bronx ASSET TYPE: Development Site BUYER: Yosi Beer SELLER: Ari Thaler BUYER'S REP: Eddie Hila - Hillstone Properties NY (@HillstonePropertiesNY) SELLER'S REP: Alexandre Goulet & Magdalena Denisiuk - Landair Property Advisors (@LandairPropertyAdvisors) SALE PRICE: $2,900,000 SF: 32,564 ~ PPSF: $89

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$154,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75