Updated Sep 9, 2024
Moses Rabinovitz Acquires Development Site In Bronx For $1.25M
711 E 214th St Bronx, NY 10467, USA
$1,250,000
$372/SF
Building Size
3,360 SF
Asset Type
Development Site
Closing
May 18, 2023
About this deal
AI
Moses Rabinovitz has acquired a development site in the Bronx for $1,250,000. The property, located at 711 East 214th Street, spans 3,360 square feet, resulting in a price per square foot of $372. The site also has a buildable square footage of 12,500, equating to a price per buildable square foot of $100.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $1,250,000
- Address: 711 East 214th Street
- Market: Bronx
- Square Footage: 3,360
- Price per Square Foot: $372
- Buildable Square Footage: 12,500
- Price per Buildable Square Foot: $100
Jared Friedman of B6 Real Estate Advisors represented both parties in the transaction.
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93