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Alex Babakhanov & Jonathan Babakhanov Acquire Development Site In Norwood For $1.6M

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SOLD
$1,600,000

New York

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Development Site15,000 SF
Sold 02/24/2022
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SOLD

Alex Babakhanov & Jonathan Babakhanov Acquire Development Site In Norwood For $1.6M

3065 Perry Avenue, The Bronx, New York 10467, United States

See Similar Deals
Development Site15,000 SF
Sold 02/24/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$106
Total Square Footage:15,000 SF
Transaction Type:Sale

A development site located at 3065-3067 Perry Avenue in Norwood has been sold for $1,600,000. The property spans 15,000 square feet with a price per buildable square foot of $106. The sale was facilitated by Richard Mameli from BronxCRE, who represented the seller, Joesph Quintessenza and James Quintessenza, and procured the buyers, Alex Babakhanov and Jonathan Babakhanov.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $1,600,000
  • Address: 3065-3067 Perry Avenue
  • Market: Norwood
  • Buyer: Alex Babakhanov & Jonathan Babakhanov
  • Seller: Joesph Quintessenza & James Quintessenza
  • Broker: Richard Mameli - BronxCRE
  • BSF: 15,000 square feet
  • PPBSF: $106

If you are looking for development sites or multi-family properties in The Bronx, Richard Mameli from BronxCRE can assist you. Feel free to contact him at 347-387-8228 or email [email protected].

Players

Richard Mameli
Richard Mameli
1 deal$1.6M volume
BROKER

Details

SOLD
IMAGE: Richard Mameli DATE: 02/24/2022 ADDRESS: 3065-3067 Perry Avenue MARKET: Norwood ASSET TYPE: Development Site BUYER: Alex Babakhanov & Jonathan Babakhanov SELLER: Joesph Quintessenza & James Quintessenza BROKER: Richard Mameli (@Mameli_) - BronxCRE (@BronxCRE) SALE PRICE: $1,600,000 BSF: 15,000 ~ PPBSF: $106 NOTE FROM @BronxCRE: Richard represented the seller & procured the buyer in this transaction. Anyone looking for development sites or multi-family properties throughout The Bronx, contact Richard Mameli at BronxCRE. Please Inquire for other services BronxCRE provides" Cell: 347-387-8228 Email: [email protected]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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