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The South Bronx Charter School For International Cultures & The Arts Acquires Development Site In Mott Haven, Bronx For $9.8M

Property Image
SOLD
$9,800,000

New York

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Development Site
Sold 11/08/2023
the dealdetailscomps
Property Image
SOLD

The South Bronx Charter School For International Cultures & The Arts Acquires Development Site In Mott Haven, Bronx For $9.8M

2510 Park Avenue

See Similar Deals
Development Site
Sold 11/08/2023
the dealdetailscomps

Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Sale

The South Bronx Charter School For International Cultures and the Arts has acquired a development site located at 2510 Park Avenue in Mott Haven, Bronx. The property was purchased from Konstantine Drakoupoulos for a total of $9.8 million. The development site has a total building square footage of 76,486 and a price per square footage of $128.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $9,800,000
  • Address: 2510 Park Avenue
  • Market: Mott Haven, Bronx
  • Buyer: Evelyn Hey - The South Bronx Charter School For International Cultures & the Arts
  • Seller: Konstantine Drakoupoulos
  • BSF: 76,486
  • PPBSF: $128

It is worth noting that Evelyn Hey, representing The South Bronx Charter School For International Cultures & the Arts, successfully completed the transaction.

Details

SOLD
IMAGE: DATE: 11/08/2023 ADDRESS: 2510 Park Avenue MARKET: Mott Haven, Bronx ASSET TYPE: Development Site BUYER: Evelyn Hey - The South Bronx Charter School For International Cultures & the Arts SELLER: Konstantine Drakoupoulos SALE PRICE: $9,800,000 BSF: 76,486 ~ PPBSF: $128 NOTE: The South Bronx Charter School For International Cultures and the Arts has acquired a development site at 2510 Park Avenue in Mott Haven, Bronx, for $9.8 million from Konstantine Drakoupoulos.

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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