Updated Oct 29, 2024
GEEL Community Services Acquires Norwood Development Site For $2.4M
3095 Webster Ave, The Bronx, NY 10467, USA
$2,400,000
$72/SF
Building Size
33,000 SF
Asset Type
Development Site
Closing
Aug 12, 2019
About this deal
AI
A development site located at 3095 Webster Avenue in Norwood, Bronx has been sold for $2,400,000. The site has a building square footage (BSF) of 33,000. The sale price per BSF (PPBSF) stands at $72.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,400,000
- Address: 3095 Webster Avenue, Norwood, Bronx
- Market: Norwood, Bronx
- Seller: William Schur
- Buyer: GEEL Community Services
- Brokers: Josh Neustadter, Addison Berniker, Jon Squires
The seller of the property was William Schur, while the buyer was GEEL Community Services. The deal was facilitated by brokers Josh Neustadter, Addison Berniker, and Jon Squires.
On the Map
$2,400,000
$72/SF
Development Site
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93