Joey Bukaj Purchases Development Site In Bronx From Darlene Quino For $2.2M
SOLD
$2,200,000
New York
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SOLD
Joey Bukaj Purchases Development Site In Bronx From Darlene Quino For $2.2M
3848 Bailey Avenue & 3852 Bailey Avenue
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Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
The property involved in this transaction is a development site located at 3848 Bailey Avenue & 3852 Bailey Avenue in the Bronx market. The sale price for this asset was $2,200,000. It has a building square footage (BSF) of 25,500, resulting in a price per building square foot (PPBSF) of $86.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $2,200,000
- Building Square Footage: 25,500
- Price per Building Square Foot: $86
- Buyer: Joey Bukaj
- Seller: Darlene Quino
- Brokers: Alexandre Goulet & Anand Melwani - Landair Property Advisors
In this transaction, Joey Bukaj acted as the buyer, while Darlene Quino was the seller. The deal was facilitated by brokers Alexandre Goulet and Anand Melwani, representing Landair Property Advisors in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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