WellLife Network Acquires Development Site In Bronx From Upie Howden For $1.27M
3667 White Plains Rd Bronx, NY 10467, USA
$1,271,075
$635/SF
Building Size
2,000 SF
Asset Type
Development Site
Closing
Jul 13, 2023
AI
A development site located at 3667 White Plains Road in Bronx has been sold. The property, spanning 2,000 square feet, was purchased by WellLife Network from Upie Howden. The deal was facilitated by brokers Nathan Horne from Compass, and Giancarlo Cugini and Karl Brumback from JLL. The sale price for the site was $1,271,075, resulting in a price per square foot of $636.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $1,271,075
- Square Footage: 2,000
- Price per Square Foot: $636
- Address: 3667 White Plains Road, Bronx
- Buyer: WellLife Network
- Seller: Upie Howden
- Brokers: Nathan Horne (Compass), Giancarlo Cugini & Karl Brumback (JLL)
Nathan Horne from Compass, along with Giancarlo Cugini and Karl Brumback from JLL, were instrumental in facilitating the sale of the development site at 3667 White Plains Road. WellLife Network emerged as the buyer, while Upie Howden acted as the seller. This transaction highlights the active involvement of industry professionals in the real estate market in Bronx.
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
12.48%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93