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Lefko Capital Acquires Development Site In Bronx For $880K

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SOLD
$880

New York

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MultiFamily20,000 SF
Sold 06/14/2018
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SOLD

Lefko Capital Acquires Development Site In Bronx For $880K

2070 Honeywell Ave, The Bronx, NY 10460, USA

See Similar Deals
MultiFamily20,000 SF
Sold 06/14/2018
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:20,000 SF
Transaction Type:Sale

Located at 2070 Honeywell in the Bronx, New York, this property is a development site. The transaction took place on June 14, 2018, with a selling price of $880,000. The property offers 20,000 square feet of buildable space, resulting in a price per buildable square foot of $44. It consists of three units.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $880,000
  • Address: 2070 Honeywell, Bronx, New York
  • Market: New York City Sub
  • Seller: Gabrielle Hudson
  • Buyer: Lefko Capital

Gabi Peretz and Danny Laniado of Really NY represented the buyer and seller respectively in this transaction.

Players

4 deals$7.2M volume(917) 662-6161
BROKER

Details

SOLD
IMAGE: Gabi Peretz and Danny Laniado DATE: 06/14/18 ADDRESS: 2070 HoneyWell MARKET: NewYork NYC SUB MARKET: Bronx ASSET TYPE: DevSite PRICE: $880,000 BSF: 20,000 PPBSF: $44 UNITS: 3 BROKER: Gabi Peretz & Danny Laniado of Really NY SELLER: Gabrielle Hudson BUYER: Lefko Capital

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$46.92

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$4.17
Annual Debt Service$50.06