Updated Dec 18, 2023
Steve Westreich & Abe Jemal Acquire Development Site In Bronx For $1.95M
2081 Anthony Avenue, The Bronx, New York 10457, United States
$1,950,000
$451/SF
Building Size
4,322 SF
Asset Type
Development Site
Closing
Sep 15, 2022
About this deal
AI
A development site located at 2081 Anthony Ave in the Bronx has been sold for $1,950,000. The property spans 4,322 square feet, resulting in a price per square foot of $451. The sale was finalized on 09/16/2022.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $1,950,000
- Address: 2081 Anthony Ave
- Market: Bronx
The buyers of the property are Steve Westreich and Abe Jemal, while the seller is Harold Jack Mentor. The deal was facilitated by Ronald Alexander Echavarria from RE/MAX, who represented both the buyer and seller in the transaction.
New York 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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93