Aaron Yaghoobian Purchases Development Site From Estate Of Marilyn Danglar For $3.125M In Bronx
2758 Morris Avenue
$3,125,000
Building Size
—
Asset Type
Development Site
Closing
Mar 10, 2025
AI
The property involved in the transaction is a development site located at 2758 Morris Avenue in the Bronx. It sold for $3,125,000, covering a total area of 28,676 square feet, which translates to a price per buildable square foot of $108.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,125,000
- Address: 2758 Morris Avenue
- Market: Bronx
- Buildable Square Feet: 28,676
- Price per Buildable Square Foot: $108
- Buyer: Aaron Yaghoobian
- Seller: Estate of Marilyn Danglar
- Broker: Christian Dedvukaj - Princeton Realty Group
The key individuals involved in this transaction include the buyer, Aaron Yaghoobian, and the seller, the Estate of Marilyn Danglar. The broker representing this transaction was Christian Dedvukaj from Princeton Realty Group, facilitating the deal between the parties involved.
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.08%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93