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
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