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Vertical Community Development Acquires Development Site In Bronx From BNS Real Estate For $6M

Property Image
SOLD
$6,000,000

New York

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Development Site12,508 SF
Sold 06/26/2025
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Property Image
SOLD

Vertical Community Development Acquires Development Site In Bronx From BNS Real Estate For $6M

East 148th Street

See Similar Deals
Development Site12,508 SF
Sold 06/26/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$479
Total Square Footage:12,508 SF
Transaction Type:Sale

The asset involved in this transaction is a development site located at 411-419 East 148th Street in the Bronx. It has a sale price of $6,000,000, offering a building size of 43,028 BSF and a price per BSF of $139. The total square footage is 12,508, with a price per square foot (PPSF) of $479.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $6,000,000
  • Buyer: Vertical Community Development
  • Seller: BNS Real Estate
  • Broker: Eduard Hila - Hillstone Properties NY

Eduard Hila from Hillstone Properties NY represents the buyer, Vertical Community Development, in this transaction, facilitating the acquisition from BNS Real Estate. For inquiries, interested parties can contact Eddie Hila at 347-444-6487 or [email protected].

Players

Eduard (Eddie) Hila
Hillstone Properties NY
Eduard Hila
11 deals$34M volume(347) 444-6487
BROKER
Hillstone Properties NY
Hillstone Properties NY
BROKERAGE
BE
BNS Real Estate
SELLER

Details

SOLD
IMAGE: Eduard Hila DATE: 6/26/2025 ADDRESS: 411-419 East 148th Street MARKET: Bronx ASSET TYPE: Development Site BUYER: Vertical Community Development SELLER: BNS Real Estate BROKER: Eduard Hila - Hillstone Properties NY (@HillstonePropertiesNY) SALE PRICE: $6,000,000 BSF: 43,028 ~ PPBSF: $139 SF: 12,508 ~ PPSF: $479 NOTE FROM BROKER: Hillstone Properties NY proudly represents the buyer in this transaction. Whether you're looking to buy or sell contact us to explore opportunities. For inquires, please contact Eddie Hila at 347-444-6487 or [email protected]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
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