Updated Aug 28, 2025
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
About this deal
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.
On the Map
$2,050,000
$386/SF
Development Site
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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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93