Updated Dec 21, 2023
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
About this deal
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.
On the Map
$2,375,000
$63/SF
Development Site
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New York Development Site Market Snapshot
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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