Daily limit: 0/10
Sam Rubin Acquires Land In Mott Haven, Bronx For $15M
SOLD
$15,000,000
New York
See Similar DealsLand
Sold 05/03/2024
SOLD
Sam Rubin Acquires Land In Mott Haven, Bronx For $15M
286 Rider Avenue
See Similar DealsLand
Sold 05/03/2024
Summary
NEW YORK
Asset Type:Land
Transaction Type:Sale
The vacant parcel at 286 Rider Avenue in Mott Haven, Bronx was purchased for $15 million by Sam Rubin from 286 Rider Ave Acquisition LLC, owned by William Rothner. The property spans 84,308 square feet with a price per square foot of $178.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $15,000,000
- Buyer: Sam Rubin
- Seller: 286 Rider Ave Acquisition LLC - William Rothner
- Address: 286 Rider Avenue
- Market: Mott Haven, Bronx
Sam Rubin's purchase of the parcel at 286 Rider Avenue in Mott Haven, Bronx for $15 million from 286 Rider Ave Acquisition LLC, led by William Rothner, was due to the previous investors having resolved the property's debt issues.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
Is there something missing? Send suggestions