NYC Housing Partnership Acquires Development Site In Port Morris, Bronx For $6.5M
SOLD
$6,500,000
New York
See Similar DealsDevelopment Site46,540 SF
Sold 06/30/2020
SOLD
NYC Housing Partnership Acquires Development Site In Port Morris, Bronx For $6.5M
750 East 15th Street, New York, NY 10009
See Similar DealsDevelopment Site46,540 SF
Sold 06/30/2020
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$139
Total Square Footage:46,540 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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