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Hillstone Properties NY Facilitates $10.2M Sale Of Development Site In Bronx
SOLDDevelopment Site

Hillstone Properties NY Facilitates $10.2M Sale Of Development Site In Bronx

$10,200,000

$634/SF

Building Size

16,086 SF

Asset Type

Development Site

Closing

Sep 26, 2024

AI

The asset involved in this transaction is a development site located in the Bronx. The sale price was $10,200,000, comprising a building square footage of 96,838 and a price per building square foot of $105. The site also has a total square footage of 16,086, with a price per square foot of $634.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $10,200,000
  • Building Square Footage: 96,838
  • Price per Building Square Foot: $105
  • Total Square Footage: 16,086
  • Price per Square Foot: $634
  • Date of Transaction: 09/26/2024
  • Brokers: Eddie Hila, Alfredo Hila & Rezarta Kola - Hillstone Properties NY

The brokers representing the deal were Eddie Hila, Alfredo Hila, and Rezarta Kola from Hillstone Properties NY. They have announced the successful sale and are currently marketing other sites. Interested parties can contact Alfredo Hila at 347-500-3377 or Eddie Hila at 347-444-6487 for inquiries related to buying or selling properties.

Players

Alfredo Hila

Hillstone Properties NY

Broker

$20.5M

vol

4 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

1.56%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93