Updated Oct 29, 2024
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
About this deal
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.
On the Map
$1,200,000
$100/SF
Development Site
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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