Mewarlal Babooram Sells Development Site In Bronx For $2.375M
SOLD
$2,375,000
New York
See Similar DealsDevelopment Site37,625 SF
Sold 02/16/2022
SOLD
Mewarlal Babooram Sells Development Site In Bronx For $2.375M
66 East 177th Street, The Bronx, New York 10453, United States
See Similar DealsDevelopment Site37,625 SF
Sold 02/16/2022
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$63
Total Square Footage:37,625 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$126,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,437.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,258.71
Annual Debt Service$135,104.54
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