SOLDDevelopment Site
Chaim Simkowitz Acquires Development Site In Morrisania For $5.6M
421 E 161 St, The Bronx, NY 10451, USA
$5,600,000
$76/SF
Building Size
73,432 SF
Asset Type
Development Site
Closing
Aug 3, 2020
AI
A development site located at 421 East 161st Street in Morrisania has been sold for a price of $5,600,000. The property has a total building square footage of 73,432 and a price per buildable square foot (PPBSF) of $76.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $5,600,000
The buyer of the property is Chaim Simkowitz, while the seller is Abraham Lieberman.
Players
Bronx 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93