Guido Subotovsky Acquires Development Site In Kingsbridge, Bronx For $1.45M
3029 Godwin Terrace, The Bronx, NY 10463, USA
$1,450,000
$71/SF
Building Size
20,216 SF
Asset Type
Development Site
Closing
Aug 13, 2020
AI
The development site located at 3029 Godwin Terrace in Kingsbridge, Bronx has been sold in a closed transaction. The property was sold by the Roman Catholic Church of Saint John & Visitation, and the buyer is Guido Subotovsky. The sale was facilitated by brokers Karl Brumback and Eric Tiefen of JLL. The transaction took place on August 14, 2020, and the sale price amounted to $1,450,000.
Summary of Transaction Details
- Property Type: Development site
- Transaction Amount: $1,450,000
- Property Address: 3029 Godwin Terrace, Kingsbridge, Bronx
- Market: Kingsbridge, Bronx
- Buyer: Guido Subotovsky
- Seller: Roman Catholic Church of Saint John & Visitation
- Brokers: Karl Brumback & Eric Tiefen - JLL
The development site has a building square footage (BSF) of 20,216 square feet. The price per buildable square foot (PPBSF) is $71. The sale of this property marks an important transaction in the Kingsbridge market.
Players
New York 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93