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2468 Tiebout Ave, Fordham H...

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

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

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

$2,715,000

$69/SF

Building Size

38,872 SF

Asset Type

Development Site

Closing

Feb 6, 2019

AI

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

Concourse Realty

Broker

$153.6M

vol

27 deals

Broker

Greg Roberts

SKF Development

Buyer

$21.5M

vol

3 deals

Buyer
SD
SKF DevelopmentBuyer

Greg Gonzalez

Seller

$5.4M

vol

2 deals

Seller

Bronx Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.84%

Cash-on-Cash

-1.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93