Updated Oct 28, 2024
Gabrielli Hollers Ave Realty Acquires Development Site In Eastchester, Bronx For $14.5M
2370 Hollers Avenue, The Bronx, New York 10475, United States
$14,500,000
$83/SF
Building Size
173,844 SF
Asset Type
Development Site
Closing
Sep 28, 2022
About this deal
AI
Gabrielli Hollers Ave Realty LLC has acquired a development site located at 2370 Hollers Avenue in Eastchester, Bronx. The property was sold by New York Bus Service Advertising, represented by B. J. O’Reilly. The transaction took place on September 29, 2022.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $14,500,000
- Building Square Footage: 173,844
- Price per Building Square Foot: $83
- Market: Eastchester, Bronx
- Buyer: Gabrielli Hollers Ave Realty LLC - Amedeo Gabrielli
- Seller: New York Bus Service Advertising - B. J. O’Reilly
The buyer, Gabrielli Hollers Ave Realty LLC, was represented by Amedeo Gabrielli in the transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93