David Miller Acquires Development Site In Fordham, Bronx For $2.8M
Webster Avenue, The Bronx, New York 10458, United States
$2,800,000
$100/SF
Building Size
27,754 SF
Asset Type
Development Site
Closing
Feb 3, 2022
AI
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.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93