Updated Jan 7, 2025
Tomer Vaknin Purchases Development Site At 2260 Morris Avenue Bronx For $3.375M
2260 Morris Avenue
$3,375,000
$556/SF
Building Size
6,068 SF
Asset Type
Development Site
Closing
Jan 3, 2025
About this deal
AI
The transaction involves a development site located at 2260 Morris Avenue in the Bronx market. The sale price was $3,375,000, with a built square footage (BSF) of 36,710 and a price per built square foot (PPBSF) of $91. The property has a total square footage (SF) of 6,068 and a price per square foot (PPSF) of $556.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,375,000
- Buyer: Tomer Vaknin
- Seller: RW Real Estate Group
- Brokers: Giancarlo Cugini & Karl Brumback - JLL
Giancarlo Cugini and Karl Brumback represent JLL in this transaction. The deal involves a transfer of ownership from RW Real Estate Group to Tomer Vaknin, highlighting the involvement of these professionals in facilitating the agreement between the buyer and seller.
On the Map
$3,375,000
$556/SF
Development Site
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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
4.70%
Cash-on-Cash
-1.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93