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JJ Pedro Purchases Development Site In Yaphank From Dong Chen For $1M With Michael Gronenthal As The Broker

Property Image
SOLD
$1,000,000
Michael Gronenthal
JP
DC

New York

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Development Site
Sold 03/18/2026
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Property Image
SOLD

JJ Pedro Purchases Development Site In Yaphank From Dong Chen For $1M With Michael Gronenthal As The Broker

0 Horseblock Road Yaphank Ny 11980

See Similar Deals
Development Site
Sold 03/18/2026
Michael Gronenthal
JP
DC
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Sale

The property asset involved in this transaction is a development site located at 0 Horseblock Road in Yaphank. It encompasses 1.5 acres with L1 zoning, providing potential for various development opportunities. The property was sold for $1,000,000, with a building square footage (BSF) of 10,000, resulting in a price per building square foot (PPBSF) of $100.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,000,000
  • Address: 0 Horseblock Road
  • Market: Yaphank
  • Asset Size: 1.5 acres
  • Zoning: L1
  • Building Square Footage: 10,000
  • Price Per Building Square Foot: $100
  • Buyer: JJ Pedro
  • Seller: Dong Chen
  • Broker: Michael Gronenthal - Douglas Elliman

The transaction was facilitated by Michael Gronenthal, who acted as the broker representing the seller, Dong Chen. Buyer JJ Pedro participated in the acquisition of the property, contributing to the market dynamics in Yaphank.

Players

Michael Gronenthal
Douglas Elliman
Michael Gronenthal
38 deals$106.7M volume(516) 439-6789
BROKER
JP
JJ Pedro
1 deal$1M volume
BUYER
DC
Dong Chen
1 deal$1M volume
SELLER

Details

SOLD
IMAGE: Michael Gronenthal DATE: 3/18/2026 ADDRESS: 0 Horseblock Road MARKET: Yaphank ASSET TYPE: Development Site ~ ACRES: 1.5 / L1 Zoning BUYER: JJ Pedro SELLER: Dong Chen BROKER: Michael Gronenthal (@Michael.Gronenthal) - Douglas Elliman (@DouglasEllimanCommercialli) SALE PRICE: $1,000,000 BSF: 10,000 ~ PPBSF: $100

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

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12