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2760 Morris Avenue

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

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

2760 Morris Avenue

$2,950,000

$621/SF

Building Size

4,750 SF

Asset Type

Development Site

Closing

Aug 4, 2025

AI

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

Investment Property Realty Group (IPRG)

Broker

$283.4M

vol

108 deals

Broker
Investment Property Realty Group (IPRG)
Investment Property Realty Group (IPRG)Brokerage

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

5.38%

Cash-on-Cash

-1.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93