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
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