facebook
Traded Co logo
Submit

Builders Group USA Acquires Re-Development Site In Kingsbridge Heights & Jerome Park, Bronx For $3M

Property Image
SOLD
$3,000,000
Brian Davila
Derek Bestreich
+ 1

New York

See Similar Deals
Development Site28,210 SF
Sold 01/26/2024
the dealplayerscompscontact
Property Image
SOLD

Builders Group USA Acquires Re-Development Site In Kingsbridge Heights & Jerome Park, Bronx For $3M

2764 Webb Avenue & 2768 Webb Avenue

See Similar Deals
Development Site28,210 SF
Sold 01/26/2024
Brian Davila
Derek Bestreich
+ 1
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$106
Total Square Footage:28,210 SF
Transaction Type:Sale

The re-development site located at 2764-2768 Webb Avenue in Kingsbridge Heights & Jerome Park, Bronx was recently sold for a sale price of $3,000,000. The property has a total lot size of 100 ft. x 100 ft. and a square footage of 14,105. The price per square foot is $213, while the building square footage is 22,000, resulting in a price per building square foot of $136.

Summary of transation details

  • Property Type: Re-Development Site
  • Transaction Amount: $3,000,000
  • Seller: Juan And Modesto Marquez
  • Buyer: Builders Group USA
  • BROKERS: Derek Bestreich, Steve Reynolds, Brian Davila & John Loch - Investment Property Realty Group
  • Address: 2764-2768 Webb Avenue, Kingsbridge Heights & Jerome Park, Bronx
  • Market: Kingsbridge Heights & Jerome Park, Bronx

The deal was facilitated by the brokers Derek Bestreich, Steve Reynolds, Brian Davila & John Loch from Investment Property Realty Group. Their expertise played a crucial role in the successful completion of the transaction.

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

BUYER

Details

SOLD
IMAGE: Derek Bestreich, Steve Reynolds, Brian Davila & John Loch DATE: 01/26/2024 ADDRESS: 2764-2768 Webb Avenue MARKET: Kingsbridge Heights & Jerome Park, Bronx ASSET TYPE: Re-Development Site BUYER: Builders Group USA SELLER: Juan And Modesto Marquez BROKERS: Derek Bestreich, Steve Reynolds (@SteveReynoldsNYC), Brian Davila (@Vills25) & John Loch (@JohnLoch15) - Investment Property Realty Group (@IPRG_NY) SALE PRICE: $3,000,000 SF: 14,105 ~ PPSF: $213 BSF: 22,000 ~ PPBSF: $136 TOTAL LOT SIZE: 100 ft. x 100 ft.

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)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37