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Ayush Kapahi & Greg Roberts Of SKF Development Acquire Development Site In Fordham, BX For $2.715M

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SOLD
$2,715,000

New York

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Development Site38,872 SF
Sold 02/07/2019
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SOLD

Ayush Kapahi & Greg Roberts Of SKF Development Acquire Development Site In Fordham, BX For $2.715M

2468 Tiebout Ave, Fordham Heights, Bronx, NY, USA

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Development Site38,872 SF
Sold 02/07/2019
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$69
Total Square Footage:38,872 SF
Transaction Type:Sale

A development site located at 2468 Tiebout Ave in Fordham, BX, was recently sold for a transaction amount of $2.715 million. The property, with a market location in Fordham, BX, spans a total of 38,872 square feet. The transaction involved the seller, Greg Gonzalez, and the buyer, Ayush Kapahi and Greg Roberts of SKF Development. The deal was facilitated by broker David Simone of Concourse NYC. The development site was sold to the buyers at a price per buildable square foot of $70.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $2.715M
  • Address: 2468 Tiebout Ave
  • Market: Fordham, BX
  • Seller: Greg Gonzalez
  • Buyer: Ayush Kapahi & Greg Roberts - SKF Development
  • Broker: David Simone - Concourse NYC
  • BSF: 38,872
  • Price Per Buildable Square Foot: $70

The sale of this development site in Fordham, BX involved the collaboration of various key individuals and companies. Greg Gonzalez acted as the seller, while Ayush Kapahi and Greg Roberts of SKF Development served as the buyers. The transaction was facilitated by David Simone of Concourse NYC, who represented the parties involved in the deal.

Players

David Simone
25 deals$143.1M volume(212) 207-2403
BROKER


BUYER

2 deals$5.4M volume
SELLER

Details

SOLD
IMAGE: David Simone DATE: 02/07/2019 ADDRESS: 2468 Tiebout Ave. MARKET: Fordham, BX ASSET TYPE: Development Site SELLER: Greg Gonzalez BUYER: Ayush Kapahi & Greg Roberts - SKF Development BROKER: David Simone @concoursenyc SALE PRICE: $2.715M BSF: 38,872 ~ PPBSF: $70

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,645.83
Cash-on-Cash Return-1.27%
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