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:
- Property Type: Development Site
- Transaction Amount: $1,900,000
- Square Footage: 5,375
- Price per Square Foot: $353
- Building Square Footage: 25,800
- Price per Building Square Foot: $74
- Seller: Carlos Collazo
- Brokers: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group
- Date of Sale: 02/03/2025
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
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