Updated Oct 25, 2024
Greg Roberts Acquires Development Site In Williamsbridge, Bronx For $2.7M
720 East 216th Street, Williamsbridge, Bronx, NY, USA
$2,700,000
$60/SF
Building Size
44,721 SF
Asset Type
Development Site
Closing
Dec 18, 2018
About this deal
AI
A development site located at 720 East 216 Street and 722 East 216 Street in the Williamsbridge neighborhood of Bronx, New York, has been sold for a price of $2,700,000. The transaction took place on December 19, 2018. The property, advertised on Instagram by Emmanuel Ukah, covers an area of 44,721 square feet and has a price per buildable square foot of $60. The asset type is a development site, indicating its potential for future construction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,700,000
- Address: 720 East 216 Street & 722 East 216 Street, Williamsbridge, Bronx
- Market: Williamsbridge, Bronx
- Broker: Emmanuel Ukah - EPIC Commercial Realty
- Seller: Jordon Peretz, Tonin Lumaj
- Buyer: Greg Roberts
Emmanuel Ukah, representing EPIC Commercial Realty, brokered the deal between the sellers, Jordon Peretz and Tonin Lumaj, and the buyer, Greg Roberts. The transaction demonstrates the demand for development sites in the Williamsbridge neighborhood of Bronx.
On the Map
$2,700,000
$60/SF
Development Site
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Players
Bronx 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93