Corey Horowitz & Yitzi Chopp Acquire Bronx Development Site For $3.2M
SOLD
$3,200,000
+ 1
New York
See Similar DealsDevelopment Site2,375 SF
Sold 12/12/2018
SOLD
Corey Horowitz & Yitzi Chopp Acquire Bronx Development Site For $3.2M
270 East 169th Street, Bronx, NY 10456, USA
See Similar DealsDevelopment Site2,375 SF
Sold 12/12/2018
+ 1
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,347
Total Square Footage:2,375 SF
Transaction Type:Sale
The development site located at 270-282 East 169th Street in Bronx was recently sold for a price of $3,200,000. The property spans across 10,000 square feet, with a price per square foot (PPSF) of $320. This sale transaction took place on December 12, 2018.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,200,000
- Address: 270-282 East 169th Street, Bronx
- Market: Bronx
- BSF: 10,000 sqft
- PPBSF: $320
The seller of the property was Ramon Vargas, who successfully closed the deal with the buyers Corey Horowitz and Yitzi Chopp from RW Real Estate Group. Representing the buyers in this transaction were Lukas Englert and Raphael Khojany.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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