Updated Dec 19, 2023
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
About this deal
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.
The development site sale at 421 E 161 St, The Bronx, NY 10451, USA in Bronx, New York sold for $5.6M in 2020. The building is 73,432 square feet, implying about 76 per square foot on the published price. Named participants on the 421 E 161 St, The Bronx, NY 10451, USA sale are Chaim Simkowitz. This page is the Bronx, New York file for the 421 E 161 St, The Bronx, NY 10451, USA development site sold: pricing, party profiles, and other closed development site comps from the same Bronx sit in the Market section below. Filter that Bronx development site set by closing date to see what else sold near 421 E 161 St, The Bronx, NY 10451, USA around 2020. Published consideration for 421 E 161 St, The Bronx, NY 10451, USA is $5.6M, dated 2020. Cite this Chaim Simkowitz Acquires Development Site In Morrisania For $5.6M sale when underwriting similar development site product around Bronx, New York.
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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