Updated Sep 9, 2024
Development Site In Mott Haven, Bronx Sells For $4.9M With Brokers Daniel Mahfar, Jason M. Gold & Victor Sozio
431 Concord Ave Bronx, Ny 10455, Usa
$4,900,000
$64/SF
Building Size
75,750 SF
Asset Type
Development Site
Closing
Aug 21, 2023
About this deal
AI
A development site located at 431-439 Concord Avenue in Mott Haven, Bronx has been sold for a price of $4,900,000. The site spans a total square footage (BSF) of 75,750 square feet and is valued at a price per square foot (PPBSF) of $65. The property is set to undergo development in the near future.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,900,000
- Address: 431-439 Concord Avenue
- Market: Mott Haven, Bronx
- Brokers: Daniel Mahfar, Jason M. Gold, Victor Sozio - Ariel Property Advisors
- Built Square Footage (BSF): 75,750
- Price per Square Foot (PPBSF): $65
Daniel Mahfar, Jason M. Gold, and Victor Sozio, representing Ariel Property Advisors, were the brokers involved in this transaction. Their expertise in the real estate market helped facilitate the sale of the development site.
Players
Market 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93