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2868 Jerome Avenue

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

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

2868 Jerome Avenue

$4,100,000

Building Size

Asset Type

Development Site

Closing

Sep 28, 2025

AI

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

Ariel Property Advisors

Broker

$1B

vol

59 deals

Broker
Ariel Property Advisors
Ariel Property AdvisorsBrokerage

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

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93