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571 577 New York Avenue

Anthony Frisina Purchases Development Site At 571-577 New York Avenue For $2.8M With RE/MAX Select
SOLDDevelopment Site

Anthony Frisina Purchases Development Site At 571-577 New York Avenue For $2.8M With RE/MAX Select

571 577 New York Avenue

$2,800,000

Building Size

Asset Type

Development Site

Closing

Dec 4, 2025

AI

The development site located at 571-577 New York Avenue in Lyndhurst has been sold for $2,800,000. This transaction involves a strategic asset in the real estate market designated for development purposes, and it signifies an important move in local property transactions.

Summary of transaction details:

In this transaction, Anthony Frisina acquired the property from a trio of sellers: George Bollenbach, Geoff Bollenbach, and Scott Wolf. The deal was facilitated by brokers Patrick Varelas and Thomas Chopper Russo, who represented the sellers in this real estate transaction.

Players

Patrick Varelas

Re/Max

Broker

$6.7M

vol

4 deals

Broker
Re/Max
Re/MaxBrokerage

Lyndhurst Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93