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Morris Avenue

Abrahami Family Sells Development Site At 2441-2443 Morris Avenue In Bronx For $1.5M
SOLDDevelopment Site

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

Eduard Hila

Hillstone Properties NY

Broker

$34M

vol

11 deals

Broker
 Hillstone Properties NY
Hillstone Properties NYBrokerage

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93