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869 Concourse Village W, Th...

Updated Dec 20, 2023

JLD Advisory Acquires Vacant Land/Development In New York For $1.375M
SOLDDevelopment Site

JLD Advisory Acquires Vacant Land/Development In New York For $1.375M

869 Concourse Village W, The Bronx, NY 10451, USA

Building Size

300,000 SF

Asset Type

Development Site

Closing

May 14, 2018

About this deal

AI

A vacant land/development property located at 867 and 869 Concourse Village West in New York's Bronx neighborhood has been sold in a closed transaction. The property consists of two parcels, with individual sale prices of $900,000 and $475,000, amounting to a total transaction amount of $1,375,000. Each parcel spans 15,000 square feet, resulting in a combined total of 30,000 square feet. The price per square foot for the first parcel was $60, while the second parcel was sold at $32 per square foot.

Summary of transaction details:

  • Property Type: Vacant Land/Development
  • Transaction Amount: $1,375,000
  • Address: 867 and 869 Concourse Village West, New York
  • Market: Bronx
  • Seller: Mr. Koi Park and Ramon Pagan
  • Buyer: JLD Advisory – Danielle Ben-Ishay @Danben10

JLD Advisory, represented by Danielle Ben-Ishay, was the buyer in this transaction. However, no additional information is available regarding the seller or their respective representatives.

Players

New York 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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