Lefko Capital Acquires Development Site In Bronx For $880K
2070 Honeywell Ave, The Bronx, NY 10460, USA
$880
$0/SF
Building Size
20,000 SF
Asset Type
MultiFamily
Closing
Jun 13, 2018
AI
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
18026.14%
Cash-on-Cash
-5151.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93