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
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