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Woodycrest Development LLC Acquires 2 Contiguous Properties In Bronx For $2.2M

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SOLD
$2,200,000

New York

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Woodycrest Development LLC Acquires 2 Contiguous Properties In Bronx For $2.2M

966 Woodycrest Avenue, Bronx, NY 10452

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Other2,760 SF
Sold
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Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$797
Total Square Footage:2760 SF
Transaction Type:Sale

Located at 966-972 Woodycrest Avenue in New York City's Bronx market, two contiguous properties were recently sold on 12/14/17. The properties were purchased by Woodycrest Development LLC for a total price of $2,200,000.

Summary of transaction details:

  • Property Type: 2 Contiguous Properties
  • Transaction Amount: $2,200,000
  • Address: 966-972 Woodycrest Avenue
  • Market: Bronx

The sellers of the properties were two different private sellers. The deal was facilitated by Steven Westreich & Ariel Benyacov from Westbridge Realty Group, who represented both the buyer and the sellers.

The properties are situated on a combined 125 x 100 ft development lot in the High Bridge area. With a total of 43,000 SF of development potential, the price per buildable square foot comes out to be approximately $51.

Players

Ariel Benyacov
4 deals$31.1M volume(347) 988-8063
BROKER

Steven Westreich
Westbridge Realty Group
19 deals$118.1M volume
BROKER

Details

SOLD
IMAGE: 966-972 Woodycrest Avenue DATE: 12/14/17 CITY: New York MARKET: Bronx ASSET TYPE: 2 Contiguous Properties SELLER: 2 Different Private Sellers BUYER: Woodycrest Development LLC BROKERS: Steven Westreich & Ariel Benyacov - Westbridge Realty Group PRICE: $ 2,200,000 ~ PPSF: $51 per buildable square foot NOTE: 2 contiguous properties on a combined 125 x 100 ft development lot in the High Bridge, the property contains 43,000 SF of development potential.

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

$117,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47