Mark Stagg Acquires Development Site In Riverdale, Bronx For $4.75M
SOLD
$4,750,000
+ 1
New York
See Similar DealsDevelopment Site55,142 SF
Sold 05/13/2020
SOLD
Mark Stagg Acquires Development Site In Riverdale, Bronx For $4.75M
6375 Broadway, The Bronx, NY 10471, USA
See Similar DealsDevelopment Site55,142 SF
Sold 05/13/2020
+ 1
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$86
Total Square Footage:55,142 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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