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3667 White Plains Rd Bronx,...

WellLife Network Acquires Development Site In Bronx From Upie Howden For $1.27M
SOLDDevelopment Site

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:

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

Karl Brumback

JLL

Broker

$388.3M

vol

25 deals

Broker
Nathan Horne
Verified Badge

Nathan Horne

Compass

Broker

$211.7M

vol

27 deals

Broker
WN
WellLife NetworkBuyer

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