Updated Dec 21, 2023
Ari Thaler Acquires Dev Site In Bronx For $1.675M From Seller Elizabeth Ghougasian
2662 Kingsbridge Terrace, The Bronx, NY 10463, USA & 2662 Kingsbridge Terrace, The Bronx, NY 10463, USA
Building Size
430,000 SF
Asset Type
Development Site
Closing
May 15, 2018
About this deal
AI
The dev site located at 2662-2658 Kingsbridge Terrace in New York City's Bronx market has been sold in a closed transaction. The property spans an area of 60,000 square feet and features a lot size of 76x167. It is zoned as R6. The sale price for this development site was $1,675,000, translating to a price per square foot of $27. The transaction took place between seller Elizabeth Ghougasian and buyer Ari Thaler.
Summary of transaction details
- Property Type: Dev Site
- Transaction Amount: $1,675,000
- Square Footage: 60,000 sf
- Price per Square Foot: $27
- Lot Size: 76x167
- Zoning: R6
- Seller: Elizabeth Ghougasian
- Buyer: Ari Thaler
The deal was facilitated by the representative of Ari Thaler, whose agency was not mentioned.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93