Lulzim Leguci Acquires Bronx Development Site For $1.05M
SOLD
$1,050,000
New York
See Similar DealsDevelopment Site172,000 SF
Sold 08/18/2020
SOLD
Lulzim Leguci Acquires Bronx Development Site For $1.05M
781 Elsmere Pl, The Bronx, NY 10460, USA
See Similar DealsDevelopment Site172,000 SF
Sold 08/18/2020
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$6
Total Square Footage:172,000 SF
Transaction Type:Sale
781-783 Elsmere Place, a development site located in the Bronx, was recently sold for $1,050,000. The property spans a total of 17,200 square feet, making it an attractive investment opportunity in the market. With a price per buildable square footage (PPBSF) of $61, this transaction showcases the value and potential of this development site.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $1,050,000
- BSF: 17,200 square feet
- PPBSF: $61
- Market: Bronx
- Buyer: Lulzim Leguci
- Seller: John Torres
- Brokers: Jacob Harooni & Jonathan Hakimian, represented by SPCapitalGroup
This transaction, which took place during the height of COVID, highlights the resilience and determination of those involved in the real estate industry. Despite the challenging circumstances, both the buyer and the seller were able to negotiate a successful deal for 781-783 Elsmere Place.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
Is there something missing? Send suggestions