Shimshon Grunstein Acquires Development Site On East 134th Street In New York City For $1.2M
358 E 134th St Bronx, NY 10454, USA
$1,200,000
$100/SF
Building Size
11,979 SF
Asset Type
Development Site
Closing
Jun 5, 2023
AI
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
New York 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93