Lev Kimyagarov & Rubin Isak Of Development Site Advisors Facilitate $11.5M Sale Of Bronx Development Site
SOLD
$11,500,000
New York
See Similar DealsDevelopment Site8,795 SF
Sold 05/20/2025
SOLD
Lev Kimyagarov & Rubin Isak Of Development Site Advisors Facilitate $11.5M Sale Of Bronx Development Site
205 West 230th Street
See Similar DealsDevelopment Site8,795 SF
Sold 05/20/2025
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,307
Total Square Footage:8,795 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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