Updated Dec 20, 2023
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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Deal FAQ
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