Updated Jul 15, 2026
Andrea Gjini Secures $27.5 Million Loan From North East Community Bank For Development Site In Bronx
205 West 230th Street
$27,500,000
Building Size
—
Asset Type
Development Site
Closing
Jul 9, 2026
About this deal
AI
The property asset involved in the transaction is a development site located at 205 West 230th Street in the Bronx. This development site encompasses a buildable square footage of 73,000 and is backed by a construction loan amounting to $27,500,000, provided by North East Community Bank.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $27,500,000
- Address: 205 West 230th Street
- Market: Bronx
- Lender: North East Community Bank
- Landlord: Andrea Gjini
- Loan Type: Construction
The deal features Andrea Gjini as the landlord, and North East Community Bank acts as the lender, providing financing for the construction purposes associated with this development site transaction.
On the Map
$27,500,000
Development Site
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Players
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93