Updated Dec 21, 2023
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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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