Updated Dec 12, 2025
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
About this deal
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:
- Property Type: Development Site
- Transaction Amount: $2,800,000
- Buyer: Anthony Frisina
- Seller: George Bollenbach, Geoff Bollenbach & Scott Wolf
- Brokers: Patrick Varelas & Thomas Chopper Russo - RE/MAX Select
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.
On the Map
$2,800,000
Development Site
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Players
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