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:
- Property Type: Development Site
- Transaction Amount: $2,900,000
- Address: 2 Wade Square, 2165 Arthur Avenue & 2167 Arthur Avenue
- Market: Bronx
- Square Footage: 32,564
- Price Per Square Foot: $89
- Buyer: Yosi Beer
- Seller: Ari Thaler
- Buyer's Representative: Eddie Hila - Hillstone Properties NY
- Seller's Representatives: Alexandre Goulet & Magdalena Denisiuk - Landair Property Advisors
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
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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