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
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