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3180 Villa Avenue

Abraham Chaim Stern Purchases Development Site At 3180 Villa Avenue From Gizy Bajraktari For $1.36M
SOLDDevelopment Site

Abraham Chaim Stern Purchases Development Site At 3180 Villa Avenue From Gizy Bajraktari For $1.36M

3180 Villa Avenue

$1,360,000

$443/SF

Building Size

3,064 SF

Asset Type

Development Site

Closing

Feb 27, 2025

AI

The property asset involved in this transaction is a development site located at 3180 Villa Avenue in the Bronx market. The sale price was recorded at $1,360,000 for a building size of 18,445 square feet, which results in a price per building square foot of $73. The site has a total square footage of 3,064, translating to a price per square foot of $443.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,360,000
  • Buyer: Abraham Chaim Stern
  • Seller: Gizy Bajraktari
  • Buyer's Representative: Alfredo Hila - Hillstone Properties NY
  • Seller's Representative: Eddie Hila - Hillstone Properties NY
  • Building Size: 18,445 BSF
  • Price Per Building Square Foot: $73
  • Total Square Footage: 3,064 SF
  • Price Per Square Foot: $443

Hillstone Properties NY served as the representative for both the buyer and seller in this transaction, ensuring a streamlined process. For inquiries related to development site transactions, individuals can contact Alfredo Hila at 347-500-3377 or Eddie Hila at 347-444-6487.

Players

Alfredo Hila

Hillstone Properties NY

Broker

$20.5M

vol

4 deals

Broker

Bronx 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

11.66%

Cash-on-Cash

-3.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93