Ian Axelrod Purchases Development Site At 2434 Walton Ave Bronx For $1.2M From Ira Burnstein
SOLD
$1,200,000
New York
See Similar DealsDevelopment Site
Sold 01/09/2020
SOLD
Ian Axelrod Purchases Development Site At 2434 Walton Ave Bronx For $1.2M From Ira Burnstein
2434 Walton Ave & 2436 Walton Ave
See Similar DealsDevelopment Site
Sold 01/09/2020
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
The asset involved in this transaction is a development site located at 2434 Walton Ave in the Bronx. The property was sold for $1,200,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,200,000.00
- Buyer: Ian Axelrod
- Seller: Ira Burnstein
- Brokers: Jonathan Zarka from Lightrock Management
The transaction was facilitated by Jonathan Zarka, representing Lightrock Management, who operated as the broker in the deal. Ian Axelrod and Ira Burnstein were the key individuals representing the buyer and seller, respectively.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
Is there something missing? Send suggestions