Paul Jacobs Acquires Development Site From Community Action For Human Services For $1.25M
SOLD
$1,250,000
New York
See Similar DealsDevelopment Site
Sold 11/24/2025
SOLD
Paul Jacobs Acquires Development Site From Community Action For Human Services For $1.25M
664 East 170th Street, 666 East 170th Street & 1399 Crotona Avenue
See Similar DealsDevelopment Site
Sold 11/24/2025
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
The property asset involved in this transaction is a development site located at 664 East 170th Street, 666 East 170th Street, and 1399 Crotona Avenue in the Bronx. The sale price for the property was $1,250,000, which represents a price per buildable square foot (PPBSF) of $75, encompassing a total buildable square footage (BSF) of 16,644.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,250,000
- Buyer: Paul Jacobs
- Seller: Community Action for Human Services
- Broker: Jonah Corney - Rosewood Realty Group
- Market: Bronx
- Buildable Square Footage: 16,644
- Price Per Buildable Square Foot: $75
This transaction involved key individuals such as Paul Jacobs, the buyer, and Community Action for Human Services, the seller. Jonah Corney from Rosewood Realty Group represented the interests of the buyer throughout the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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