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2758 Morris Avenue

Aaron Yaghoobian Purchases Development Site From Estate Of Marilyn Danglar For $3.125M In Bronx
SOLDDevelopment Site

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.

Players

Christian Dedvukaj

Princeton Realty Group

Broker

$23.9M

vol

8 deals

Broker

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

5.08%

Cash-on-Cash

-1.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93