Updated Oct 25, 2024
Mark Stagg Acquires Development Site In Riverdale, Bronx For $4.75M
6375 Broadway, The Bronx, NY 10471, USA
$4,750,000
$86/SF
Building Size
55,142 SF
Asset Type
Development Site
Closing
May 12, 2020
About this deal
AI
The development site located at 6375 Broadway in Riverdale, Bronx has been sold in a closed transaction. The property was sold by Aryeh Weiss to Mark Stagg for a sale price of $4,750,000. The site spans 55,142 square feet and has a price per buildable square foot (PPBSF) of $86.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $4,750,000
- Address: 6375 Broadway, Riverdale, Bronx
- BSF: 55,142 square feet
- PPBSF: $86
The transaction was facilitated by Addison Berniker, Robert Shapiro, and Jonathan Squires from the real estate agency CushWake.
On the Map
$4,750,000
$86/SF
Development Site
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Players
New York 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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93