Mewarlal Babooram Sells Development Site In Bronx For $2.375M
66 East 177th Street, The Bronx, New York 10453, United States
$2,375,000
$63/SF
Building Size
37,625 SF
Asset Type
Development Site
Closing
Feb 15, 2022
AI
A development site located at 66 East 177th Street in the Bronx has been sold for $2,375,000. The property spans 37,625 square feet and has a price per square foot of $63. The transaction took place on February 16, 2022.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $2,375,000
- Address: 66 East 177th Street, Bronx
- Market: Bronx
The seller of the development site was Mewarlal Babooram. The broker representing the seller in the deal was Ivane Koridze from Voro Real Estate.
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
6.68%
Cash-on-Cash
-1.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93