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Ab Biller Acquires Development Site In Bronx For $4.35M With Lena Rivera As The Broker

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SOLD
$4,350,000

New York

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Development Site6,630 SF
Sold 04/18/2023
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Property Image
SOLD

Ab Biller Acquires Development Site In Bronx For $4.35M With Lena Rivera As The Broker

3082-3084 Villa Avenue

See Similar Deals
Development Site6,630 SF
Sold 04/18/2023
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$656
Total Square Footage:6,630 SF
Transaction Type:Sale

The development site located at 3082-3084 Villa Avenue in Bronx, New York has been sold in a closed transaction. The property spans a total buildable square footage (BSF) of 40,383 and was sold at a price of $4,350,000. The price per buildable square footage (PPBSF) is $108. The transaction took place on April 18, 2023.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,350,000
  • Address: 3082-3084 Villa Avenue, Bronx, New York
  • Market: Bronx, New York
  • Buyer: Ab Biller
  • Seller: Sam Kulandai
  • Broker: Lena Rivera - Link NY Realty

Lena Rivera from Link NY Realty represented the buyer, Ab Biller, in this sale transaction. Please contact Lena Rivera for information on other off-market development sites that are 421A vested. Lena Rivera has access to over 200,000 properties throughout NYC, Westchester County & CT, including off-market, foreclosures, distressed properties, value add, and off-market properties. Link NY Realty is a boutique commercial and residential real estate firm.

Players

15 deals$60M volume
BROKER

Details

SOLD
IMAGE: Lena Rivera DATE: 04/18/2023 ADDRESS: 3082-3084 Villa Avenue MARKET: Bronx, New York ASSET TYPE: Development Site BUYER: Ab Biller SELLER: Sam Kulandai BROKER: Lena Rivera (@LenaRivss) - Link NY Realty (@LinkNYRealty) SALE PRICE: $4,350,000 BSF: 40,383 ~ PPBSF: $108 NOTE FROM BROKER: Please contact me regarding other off-market development sites that are 421A vested. We have access to over 200,000.00 properties throughout NYC, Westchester County & CT, including off-market, foreclosures, distressed properties, value add, and off-market properties. We are a boutique commercial and residential real estate firm.

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Deal Type
Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
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