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
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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