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Woodycrest Avenue

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

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

Woodycrest Avenue

$2,050,000

$386/SF

Building Size

5,309 SF

Asset Type

Development Site

Closing

Aug 13, 2025

AI

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 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

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93