Development Site Advisors Sells Mott Haven Development Site For $7.1M With Buyer's Rep Nissim Holand & Seller's Rep Rubin Isak & Lev Kimyagarov
2403 Third Avenue
$7,100,000
$211/SF
Building Size
33,563 SF
Asset Type
Development Site
Closing
Mar 6, 2023
AI
A development site located at 2403 Third Avenue in Mott Haven, Bronx has been sold for a price of $7,100,000. The property spans across 33,563 square feet, resulting in a price per square foot of $212.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $7,100,000
- Address: 2403 Third Avenue
- Market: Mott Haven, Bronx
- Buyer's Representative: Nissim Holand
- Seller's Representatives: Rubin Isak & Lev Kimyagarov - Development Site Advisors
In this deal, Nissim Holand represented the buyer, while Rubin Isak and Lev Kimyagarov from Development Site Advisors acted as the seller's representatives. Development Site Advisors specializes in the sale of development sites and vacant conversion properties in the 5-boroughs.
For more information about Development Site Advisors, you can visit their website at www.developmentsites.com.
Players
Market 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93