facebook
Traded Co logo
Submit

SHG 3602 LLC Acquires Development Site On Holland Ave, Bronx For $1.1M

Property Image
SOLD
$1,100,000

New York

See Similar Deals
Development Site13,556 SF
the dealplayerscompscontact
Property Image
SOLD

SHG 3602 LLC Acquires Development Site On Holland Ave, Bronx For $1.1M

3602 Holland Ave, Bronx, NY, 10467

See Similar Deals
Development Site13,556 SF
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$81
Total Square Footage:13,556 SF
Transaction Type:Sale

The development site located at 3602 Holland Ave, Bronx, NY, 10467 is a residential property with a sale price of $1,100,000. The asset encompasses 13,556 square feet and is situated in the Bronx market. It is zoned to allow for the construction of a 20-unit multifamily building.

Summary of transaction details:

Menachem Babayov of Westbridge Realty Group facilitated the representation of the buyer, SHG 3602 LLC, while Steven Westreich, also of Westbridge Realty Group, represented the seller, Chukwuemeka Dike. This transaction highlights the involvement of both representatives from the same agency in the deal.

Players

Menachem Babayov
5 deals$3.9M volume
BROKER

Steven Westreich
Westbridge Realty Group
19 deals$118.1M volume
BROKER

Details

SOLD
IMAGE: 3602 Holland Ave, Bronx, NY, 10467 MARKET: Bronx ASSET TYPE: Development Site BUYER'S REP: Menachem Babayov-Westbridge Realty Group SELLER'S REP: Steven Westreich-Westbridge Realty Group BUYER: SHG 3602 LLC SELLER: Chukwuemeka Dike PRICE: $1,100,000.00 SF: 13556

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73