Abrahami Family Sells Development Site At 2441-2443 Morris Avenue In Bronx For $1.5M
Morris Avenue
$1,500,000
$530/SF
Building Size
2,828 SF
Asset Type
Development Site
Closing
Jul 27, 2025
AI
The development site at 2441-2443 Morris Avenue in the Bronx is highlighted in this transaction. The sale, executed on July 28, 2025, has a transaction price of $1,500,000, with a building square footage (BSF) of 14,662, leading to a price per building square foot (PPBSF) of $102. The site has a total square footage of 2,828, which corresponds to a price per square foot (PPSF) of $530.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,500,000
- Address: 2441-2443 Morris Avenue
- Market: Bronx
- Seller: Abrahami Family
- Broker: Eddie Hila - Hillstone Properties NY
Hillstone Properties NY proudly represents the seller, the Abrahami Family, in this transaction. For opportunities to buy or sell, contact representatives including Eddie Hila at 347-444-6487 or [email protected].
Players
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93