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205 West 230th Street

Lev Kimyagarov & Rubin Isak Of Development Site Advisors Facilitate $11.5M Sale Of Bronx Development Site
SOLDDevelopment Site

Lev Kimyagarov & Rubin Isak Of Development Site Advisors Facilitate $11.5M Sale Of Bronx Development Site

205 West 230th Street

$11,500,000

$1,307/SF

Building Size

8,795 SF

Asset Type

Development Site

Closing

May 19, 2025

AI

The asset involved in this transaction is a development site located at 205 West 230th Street in the Bronx. It has a total square footage of 8,795 and was sold for a price of $11,500,000, equating to a price per square foot of $1,307.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $11,500,000
  • Square Footage: 8,795
  • Price Per Square Foot: $1,307
  • Address: 205 West 230th Street
  • Market: Bronx

The deal was facilitated by brokers Lev Kimyagarov and Rubin Isak, who represent Development Site Advisors in this transaction, contributing their expertise to successfully complete the sale.

Players

Rubin Isak
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Rubin Isak

Development Site Advisors

Broker

$231.8M

vol

23 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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93