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3082-3084 Villa Avenue

Updated Dec 21, 2023

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

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

About this deal

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

Lena Rivera

Broker

$60M

vol

15 deals

Broker

Market Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $656 per square foot on a published $4.4M for 6,630 square feet (2023).

Visit Lena Rivera to view all their deals.

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

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