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750 East 15th Street, New Y...

NYC Housing Partnership Acquires Development Site In Port Morris, Bronx For $6.5M
SOLDDevelopment Site

NYC Housing Partnership Acquires Development Site In Port Morris, Bronx For $6.5M

750 East 15th Street, New York, NY 10009

$6,500,000

$139/SF

Building Size

46,540 SF

Asset Type

Development Site

Closing

Jun 30, 2020

AI

The development site located at 750 East 134 Street in Port Morris, Bronx, was recently sold for a price of $6,500,000. The property, with a building size factor (BSF) of 46,540, was previously sold for $1,335,000 in June 2011.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $6,500,000
  • Address: 750 East 134 Street, Port Morris, Bronx
  • Market: Port Morris, Bronx
  • Building Size Factor (BSF): 46,540

The buyer of the property was NYC Housing Partnership, represented by Daniel Martin, Shelia Martin, and Esther Toporovsky. The seller, on the other hand, was the Altmark Group.

Players

Esther Toporovsky

NYC Housing Partnership

Buyer

$47.7M

vol

5 deals

Buyer
NP
NYC Housing PartnershipBuyer
A
AltmarkGroupSeller

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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93