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
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