David Miller Acquires Development Site In Fordham, Bronx For $2.8M
SOLD
$2,800,000
New York
See Similar DealsDevelopment Site27,754 SF
Sold 02/04/2022
SOLD
David Miller Acquires Development Site In Fordham, Bronx For $2.8M
Webster Avenue, The Bronx, New York 10458, United States
See Similar DealsDevelopment Site27,754 SF
Sold 02/04/2022
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$100
Total Square Footage:27,754 SF
Transaction Type:Sale
A development site located at 2467-2469 Webster Avenue in Fordham, Bronx has been sold for a total of $2,800,000. The property measures 27,754 square feet, with a price per buildable square foot (PPBSF) of $100. The transaction took place on 02/04/2022.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,800,000
- Address: 2467-2469 Webster Avenue
- Market: Fordham, Bronx
- Buyer: David Miller
- Seller: Adam Eisner
- Broker: Michael Saidian - Capital Property Partners
Michael Saidian from Capital Property Partners represented the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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