Anshel Fridman Acquires Development Site In Mott Haven, Bronx For $8.4M
SOLD
$8,425,000
New York
See Similar DealsDevelopment Site61,000 SF
Sold 01/03/2022
SOLD
Anshel Fridman Acquires Development Site In Mott Haven, Bronx For $8.4M
91 Bruckner Boulevard, The Bronx, New York 10454, United States
See Similar DealsDevelopment Site61,000 SF
Sold 01/03/2022
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$138
Total Square Footage:61,000 SF
Transaction Type:Sale
The development site located at 91 Bruckner Blvd. & 402-406 East 134th Street in Mott Haven, Bronx has been sold for a total of $8,425,000. The property is zoned as M1-2/R6A, MX-1 and spans approximately 61,000 square feet. The transaction took place on January 3, 2022.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,425,000
- Address: 91 Bruckner Blvd. & 402-406 East 134th Street
- Market: Mott Haven, Bronx
- Zoning: M1-2/R6A, MX-1
Anshel Fridman has acquired the property from Jeffrey Fiedler. The deal was facilitated by Michael Saidian from Capital Property Partners, who represented the buyer in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$449,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,932.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,938.80
Annual Debt Service$479,265.58
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