Updated Dec 4, 2024
Yosef Beer Purchases Development Site At 585 Jackson Avenue, Bronx For $2.7M
585 Jackson Avenue
$2,700,000
Building Size
—
Asset Type
Development Site
Closing
Apr 29, 2024
About this deal
AI
The development site located at 585 Jackson Avenue in Bronx was successfully sold for $2,700,000. The property spans a total of 17,234 square feet, resulting in a price per square foot of $157.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,700,000
- Buyer: Yosef Beer
- Seller: Steven Zervoudis
- Brokers: Matthew Barbaccia - Brix Real Estate Advisors
- Address: 585 Jackson Avenue
- Market: Bronx
Matthew Barbaccia from Brix Real Estate Advisors facilitated the transaction between the buyer, Yosef Beer, and the seller, Steven Zervoudis. The successful deal underscores the pivotal role played by the involved parties in the transfer of this development site.
On the Map
$2,700,000
Development Site
View full map
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Bronx development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93