Mark Stagg Acquires Wakefield Development Site In Bronx For $7M With Seller's Rep Yitzi Chopp - RW Real Estate Group
761-775 East 233rd Street, Bronx, NY, USA
$7,000,000
$100/SF
Building Size
69,990 SF
Asset Type
Development Site
Closing
Dec 16, 2018
AI
In a recent transaction in Wakefield, Bronx, a development site located at 761-775 East 233rd Street has been sold for $7,000,000. The site spans a total of 69,990 square feet and has a price per buildable square foot of $100. The transaction took place on December 17, 2018.
Summary of transaction details
- Property Type: Development Site
- Sale Price: $7,000,000
- Square Footage: 69,990
- Price Per Buildable Square Foot: $100
The seller of this development site was Yitzi Chopp from RW Real Estate Group. The buyer in this transaction was Mark Stagg. The deal was facilitated by brokers Jonathan Squires, Addison Berniker, DJ Johnston, and Karl Brumback from b6realestate.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93