facebook
Traded Co logo
Submit

Aaron Yaghoobian Acquires Development Site In Bedford Park Bronx For $2.95M With IPRG Brokers

Property Image
SOLD
$2,950,000
Brian Davila
Derek Bestreich
+ 1

New York

See Similar Deals
Development Site4,750 SF
Sold 08/05/2025
the dealplayerscompscontact
Property Image
SOLD

Aaron Yaghoobian Acquires Development Site In Bedford Park Bronx For $2.95M With IPRG Brokers

2760 Morris Avenue

See Similar Deals
Development Site4,750 SF
Sold 08/05/2025
Brian Davila
Derek Bestreich
+ 1
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$621
Total Square Footage:4,750 SF
Transaction Type:Sale

The property asset involved in this transaction is a development site located at 2760 & 2762 Morris Avenue in Bedford Park, Bronx. The sale price of the property was $2,950,000. The building site has a total square footage of 28,688 and a lot size of 4,750 square feet, with a price per square foot of $102.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $2,950,000
  • Building Size (BSF): 28,688
  • Price Per Building Square Foot (PPBSF): $102
  • Lot Size (SF): 4,750
  • Buyer: Aaron Yaghoobian
  • Seller: Vi Truong
  • Broker Representatives: Derek Bestreich, Steve Reynolds, Brian Davila & John Loch - Investment Property Realty Group (IPRG)

The transaction was facilitated by a team of brokers from Investment Property Realty Group (IPRG), including Derek Bestreich, Steve Reynolds, Brian Davila, and John Loch. Their collective expertise was instrumental in finalizing the deal between buyer Aaron Yaghoobian and seller Vi Truong.

Players

Brian Davila
108 deals$283.4M volume(718) 360-8849
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Steve Reynolds
Investment Property Realty Group (IPRG)
133 deals$364.4M volume(718) 360-8807
BROKER

John Loch
Investment Property Realty Group (IPRG)
28 deals$56.3M volume(718) 360-4910
BROKER

Investment Property Realty Group (IPRG)
BROKERAGE

Details

SOLD
IMAGE: Steve Reynolds, Brian Davila & John Loch DATE: 8/5/2025 ADDRESS: 2760 & 2762 Morris Avenue MARKET: Bedford Park, Bronx ASSET TYPE: Development Site BUYER: Aaron Yaghoobian SELLER: Vi Truong BROKERS: Derek Bestreich, Steve Reynolds (@SteveReynoldsNYC), Brian Davila (@Vills25) & John Loch (@JohnLoch15) - Investment Property Realty Group (IPRG) (@IPRG_NY) SALE PRICE: $2,950,000 BSF: 28,688 ~ PPBSF: $102 LOT SIZE SF: 4,750

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$157,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06