Updated Dec 21, 2023
Moshe Zlicha Acquires Development Site On Grote Street In Belmont, Bronx For $1.3M
773 Grote St, The Bronx, NY 10460, USA
$1,300,000
$56/SF
Building Size
23,021 SF
Asset Type
Development Site
Closing
Jun 29, 2020
About this deal
AI
A development site located at 773 Grote Street in Belmont, Bronx has been sold for a price of $1,300,000. The property has a building square footage (BSF) of 23,021 and a price per buildable square foot (PPBSF) of $56.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,300,000
- Address: 773 Grote Street
- Market: Belmont, Bronx
The seller of the property was Alija Hogans, while the buyer was Moshe Zlicha. Representing the seller in this deal were Josh Neustadter and Jon Squires from Cushman & Wakefield. The buyer was represented by Hen Vaknin from Gaia Property Group.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse New York development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93