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950 Leggett Avenue

Carlos Collazo Sells Development Site At 950 Leggett Avenue Bronx For $1.9 Million
SOLDDevelopment Site

Carlos Collazo Sells Development Site At 950 Leggett Avenue Bronx For $1.9 Million

950 Leggett Avenue

$1,900,000

$353/SF

Building Size

5,375 SF

Asset Type

Development Site

Closing

Feb 3, 2025

AI

The property involved in this transaction is a development site located at 950 Leggett Avenue in the Bronx. The sale price of the property was $1,900,000, encompassing a total square footage of 5,375 and translating to a price per square foot of $353. The building's square footage totals 25,800, with a price per building square foot of $74.

Summary of transaction details:

The deal involved multiple brokers from Rosewood Realty Group, specifically Aaron Jungreis, Ben Khakshoor, and Alex Fuchs, representing the seller Carlos Collazo in this transaction.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

204 deals

Broker

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93