Lefko Capital Acquires Development Site In Bronx For $880K
SOLD
$880
New York
See Similar DealsMultiFamily20,000 SF
Sold 06/14/2018
SOLD
Lefko Capital Acquires Development Site In Bronx For $880K
2070 Honeywell Ave, The Bronx, NY 10460, USA
See Similar DealsMultiFamily20,000 SF
Sold 06/14/2018
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
Details
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Deal Type
30 years
10 years
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
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