Emily Kim Purchases Development Site From Pogostin Family In Bronx For $1.275M
4259 Third Avenue
$1,275,000
Building Size
—
Asset Type
Development Site
Closing
May 20, 2025
AI
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.
Players
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93