Emily Kim Purchases Development Site From Pogostin Family In Bronx For $1.275M
SOLD
New York
See Similar DealsDevelopment Site
Sold 05/21/2025
SOLD
Emily Kim Purchases Development Site From Pogostin Family In Bronx For $1.275M
4259 Third Avenue
See Similar DealsDevelopment Site
Sold 05/21/2025
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
The property involved in this transaction is a development site located at 4259 Third Avenue in the Bronx. The asset was sold for a price of $1,275,000, with a building square footage of approximately 11,600 and a price per building square foot of $109.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,275,000
- Address: 4259 Third Avenue
- Market: Bronx
- Building Square Footage: 11,600
- Price Per Building Square Foot: $109
- Buyer: Emily Kim
- Seller: Pogostin Family
- Brokers: Jonathan Squires, Josh Neustadter & Austin Weiner - Cushman & Wakefield
The transaction was facilitated by brokers Jonathan Squires, Josh Neustadter, and Austin Weiner, who represented the involved parties through Cushman & Wakefield. Their expertise contributed to the completion of this sale in the Bronx market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
Annual Debt Service$72,529.81
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