Shimshon Grunstein Acquires Development Site On East 134th Street In New York City For $1.2M
SOLD
$1,200,000
New York
See Similar DealsDevelopment Site11,979 SF
Sold 06/05/2023
SOLD
Shimshon Grunstein Acquires Development Site On East 134th Street In New York City For $1.2M
358 E 134th St Bronx, NY 10454, USA
See Similar DealsDevelopment Site11,979 SF
Sold 06/05/2023
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$100
Total Square Footage:11,979 SF
Transaction Type:Sale
A development site located at 358 East 134th Street in New York City has been sold in a recent transaction. The property, which spans 11,979 square feet, was purchased for a total sales price of $1,200,000. The buyer of the site is Shimshon Grunstein, while the seller is The Altmark Group.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,200,000
- Address: 358 East 134th Street, New York City
- Market: New York City
The deal was facilitated by Mitchel Flaherty and Spencer Catauro from B6 Real Estate Advisors, who acted as brokers in the transaction.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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