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
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.
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