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Emeric Weinstock Acquires Development Site At 3165 Villa Avenue In Bedford Park, Bronx For $4.5M

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SOLD
$4,500,000

New York

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Development Site8,316 SF
Sold 09/29/2023
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SOLD

Emeric Weinstock Acquires Development Site At 3165 Villa Avenue In Bedford Park, Bronx For $4.5M

3165 Villa Avenue

See Similar Deals
Development Site8,316 SF
Sold 09/29/2023
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$541
Total Square Footage:8,316 SF
Transaction Type:Sale

Emeric Weinstock, operating as Villa 26 LLC, acquired a development parcel at 3165 Villa Avenue in Bedford Park, Bronx, from private equity firm Angelo Gordon and developer Spaxel, in a deal worth $4.5 million. The property is a development site located at 3165 Villa Avenue in Bedford Park, Bronx. It spans a total square footage of 8,316 square feet. The sale price for the property was $4,500,000, amounting to a price per square foot of $541. The buyer in this transaction was Emeric Weinstock, representing Villa 26 LLC, while the seller was Cory Elbaum, in representation of Angelo Gordon & Spaxel.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,500,000
  • Address: 3165 Villa Avenue, Bedford Park, Bronx
  • Buyer: Emeric Weinstock (Villa 26 LLC)
  • Seller: Cory Elbaum (Angelo Gordon & Spaxel)

This deal involved Emeric Weinstock as the buyer, representing Villa 26 LLC, and Cory Elbaum as the seller, representing Angelo Gordon & Spaxel. The transaction took place at 3165 Villa Avenue, Bedford Park, Bronx, with a sale price of $4,500,000 for the development site. Both parties successfully completed the deal, marking another significant transaction in the real estate market.

Players

2 deals$23.8M volume
BUYER

SELLER

SELLER

Details

SOLD
IMAGE: Cory Elbaum DATE: 09/29/2023 ADDRESS: 3165 Villa Avenue MARKET: Bedford Park, Bronx ASSET TYPE: Development Site BUYER: Emeric Weinstock SELLER: Cory Elbaum (@CElbaum) - Angelo Gordon & Spaxel SALE PRICE: $4,500,000 BSF: 38,931 ~ PPBSF: $116 SF: 8,316 ~ PPSF: $541 NOTE: Emeric Weinstock, operating as Villa 26 LLC, acquired a development parcel at 3165 Villa Avenue in Bedford Park, Bronx, from private equity firm Angelo Gordon and developer Spaxel, in a deal worth $4.5 million.

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Deal Type
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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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