Ab Biller Acquires Development Site In Bronx For $4.35M With Lena Rivera As The Broker
3082-3084 Villa Avenue
$4,350,000
$656/SF
Building Size
6,630 SF
Asset Type
Development Site
Closing
Apr 18, 2023
AI
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
Market 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93