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Heavenly Vision Christian Center Sells Development Site At 2868 Jerome Avenue For $4.1M

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SOLD
$4,100,000

New York

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Development Site
Sold 09/28/2025
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Property Image
SOLD

Heavenly Vision Christian Center Sells Development Site At 2868 Jerome Avenue For $4.1M

2868 Jerome Avenue

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Development Site
Sold 09/28/2025
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Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Sale

The property involved in this transaction is a development site located at 2868 Jerome Avenue in the Bedford Park market. The asset was sold for $4,100,000, encompassing a building square footage of 41,000 and a price per buildable square foot of $100.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $4,100,000
  • Address: 2868 Jerome Avenue
  • Market: Bedford Park
  • Building Square Footage: 41,000
  • Price Per Buildable Square Foot: $100
  • Seller: Heavenly Vision Christian Center
  • Brokers: Gabriel Elyaszadeh & Jason M. Gold - Ariel Property Advisors

Gabriel Elyaszadeh and Jason M. Gold represented the seller, Heavenly Vision Christian Center, in this transaction highlighting their role in facilitating the sale. The involvement of Ariel Property Advisors as the brokerage reflects their expertise in handling such property transactions.

Players

Jason M. Gold
59 deals$1B volume
BROKER

Gabriel Elyaszadeh
Ariel Property Advisors
18 deals$220.2M volume
BROKER

Ariel Property Advisors
BROKERAGE

Details

SOLD
IMAGE: Gabriel Elyaszadeh & Jason M. Gold DATE: 9/29/2025 ADDRESS: 2868 Jerome Avenue MARKET: Bedford Park ASSET TYPE: Development Site SELLER: Heavenly Vision Christian Center BROKERS: Gabriel Elyaszadeh & Jason M. Gold (@JGold_Real_Estate) - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $4,100,000 BSF: 41,000 ~ PPBSF: $100

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$218,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10