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Miholics Family Acquires Development Site From Weiner Family In Bronx For $2.05M

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SOLD
$2,050,000

New York

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Development Site5,309 SF
Sold 08/14/2025
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Property Image
SOLD

Miholics Family Acquires Development Site From Weiner Family In Bronx For $2.05M

Woodycrest Avenue

See Similar Deals
Development Site5,309 SF
Sold 08/14/2025
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$386
Total Square Footage:5,309 SF
Transaction Type:Sale

This development site, located at 953-955 Woodycrest Avenue in the Bronx, NY, was recently sold for $2,050,000. It encompasses a building size of 5,309 square feet, yielding a price per square foot of $386. The site has a total building square footage of 18,263 with a price per building square foot of $112.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,050,000
  • Building Size: 5,309 SF
  • Price Per SF: $386
  • Total Building Square Footage: 18,263 BSF
  • Price Per Building Square Foot: $112
  • Buyer: Miholics Family
  • Seller: Weiner Family
  • Buyer's Representative: Eddie Hila - Hillstone Properties NY
  • Seller's Representative: SP Capital Group

Eddie Hila of Hillstone Properties NY represented the buyer, Miholics Family, in this transaction, while SP Capital Group acted as the seller's representative for the Weiner Family. A direct contact for inquiries is provided for potential clients interested in similar opportunities.

Players

Eduard (Eddie) Hila
11 deals$34M volume(347) 444-6487
BROKER

 Hillstone Properties NY
BROKERAGE

Details

SOLD
IMAGE: Eddie Hila DATE: 8/14/2025 ADDRESS: 953-955 Woodycrest Avenue MARKET: Bronx, NY ASSET TYPE: Development Site BUYER: Miholics Family SELLER: Weiner Family BUYER'S REP: Eddie Hila - Hillstone Properties NY (@HillstonePropertiesNY) SELLER'S REP: SP Capital Group (@SPCapitalGroup) SALE PRICE: $2,050,000 BSF: 18,263 ~ PPBSF: $112 SF: 5,309 ~ PPSF: $386 NOTE FROM BUYER'S REP: Hillstone Properties NY proudly represents the buyer in this transaction. Whether you're looking to buy or sell contact us to explore opportunities. For inquires, please contact Eddie Hila at 347-444-6487 or [email protected]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,283.23
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