Updated Oct 25, 2024
Ben Beitel Acquires Development Site For $23.3M On Walton Avenue In Bronx NY
270 Walton Ave Bronx, NY 10451
$23,300,000
Building Size
—
Asset Type
Development Site
Closing
Nov 23, 2022
About this deal
AI
The property involved in this transaction is a development site located at 270 Walton Avenue and 315 Grand Concourse in the Bronx. The sale took place on November 23, 2022, with a sale price of $23,300,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $23,300,000
- Address: 270 Walton Avenue & 315 Grand Concourse
- Market: Bronx
Ben Beitel was the buyer in this transaction, represented by Daniel Rahmani from Capital Property Partners. The seller was John Lage, with Nir Mor from Mor NY Realty acting as the seller's representative.
On the Map
$23,300,000
Development Site
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Players
Bronx 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93