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2351 Walton Avenue, Bronx, ...

Updated Dec 21, 2023

Saba Vahdat Sells Development Site In Bronx For $3.4M
SOLDDevelopment Site

Saba Vahdat Sells Development Site In Bronx For $3.4M

2351 Walton Avenue, Bronx, NY, USA

$3,400,000

$118/SF

Building Size

28,595 SF

Asset Type

Development Site

Closing

Mar 23, 2021

About this deal

AI

2351 Walton Avenue, a development site located in the Bronx, was recently sold for $3,400,000. The property, with a market value in the Bronx, features a lot size of 50 ft x 95 ft and is zoned as R8. The sale took place on March 24, 2021, and the transaction was facilitated by Saba Vahdat as the seller.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,400,000
  • Market: Bronx
  • Zoning: R8
  • Lot Dimensions: 50 ft x 95 ft

Saba Vahdat played a key role as the seller in this transaction. Their representation in the deal showcases their expertise in the real estate market. The sale price of $3,400,000 and the lot dimensions of 50 ft x 95 ft contribute to the value of this development site in the Bronx. This successful deal highlights the potential for growth and investment in the real estate market in the Bronx.

Players

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $118 per square foot on a published $3.4M for 28,595 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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