Yonah Grunhut Acquires Development Site In Bronx From Barr Rickman For $6 Million
SOLD
$6,000,000
New York
See Similar DealsDevelopment Site60,789 SF
Sold 05/27/2026
SOLD
Yonah Grunhut Acquires Development Site In Bronx From Barr Rickman For $6 Million
2786 Webster Avenue
See Similar DealsDevelopment Site60,789 SF
Sold 05/27/2026
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$98
Total Square Footage:60,789 SF
Transaction Type:Sale
The property asset involved in this transaction is a development site located at 2786 Webster Avenue in the Bronx. The sale price of the property was $6,000,000, with a built square footage (BSF) of 67,320 and a price per built square foot (PPBSF) of $89. The total square footage (SF) of the site is 60,789, with a price per square foot (PPSF) of $98.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,000,000
- Address: 2786 Webster Avenue
- Market: Bronx
- BSF: 67,320
- PPBSF: $89
- SF: 60,789
- PPSF: $98
- Buyer: Yonah Grunhut
- Seller: Barr Rickman
Key individuals in this transaction include buyer Yonah Grunhut and seller Barr Rickman. This sale reflects their involvement in the Bronx market, facilitating a significant property transfer in the area.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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