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270 East 169th Street, Bron...

Corey Horowitz & Yitzi Chopp Acquire Bronx Development Site For $3.2M
SOLDDevelopment Site

Corey Horowitz & Yitzi Chopp Acquire Bronx Development Site For $3.2M

270 East 169th Street, Bronx, NY 10456, USA

$3,200,000

$1,347/SF

Building Size

2,375 SF

Asset Type

Development Site

Closing

Dec 11, 2018

AI

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

Lukas Rociunas Englert

Capital Property Partners

Broker

$9.7M

vol

2 deals

Broker
Corey Horowitz

Corey Horowitz

RW Real Estate

Buyer

$23M

vol

7 deals

Buyer
Real Estate Group
Real Estate GroupBuyer

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93