Ariel Property Advisors Handles $2.7M Sale Of Development Site In Mott Haven
860 East 147th Street
$2,700,000
Building Size
—
Asset Type
Development Site
Closing
Apr 3, 2024
AI
The development site located at 860 East 147th Street in Mott Haven, South Bronx, was recently sold for $2,700,000. The property spans 43,460 square feet, resulting in a per-square-foot price of $62.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,700,000
- Address: 860 East 147th Street
- Market: Mott Haven, South Bronx
- BSF: 43,460
- PPBSF: $62
- Brokers: Daniel Mahfar, Jason M. Gold & Victor Sozio - Ariel Property Advisors
Daniel Mahfar, Jason M. Gold, and Victor Sozio from Ariel Property Advisors facilitated the sale of the property. They played a vital role in ensuring the successful completion of the transaction, showcasing their expertise in the real estate market.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93