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1078 Hall Place

Ausch Family Acquires Development Site In Bronx For $1.5M With Seller's Rep Joshua Malekan
SOLDDevelopment Site

Ausch Family Acquires Development Site In Bronx For $1.5M With Seller's Rep Joshua Malekan

1078 Hall Place

$1,500,000

$606/SF

Building Size

2,474 SF

Asset Type

Development Site

Closing

Mar 23, 2026

AI

A 2,474 square foot development site located at 1078 Hall Place in the Bronx has been sold for $1,500,000, which translates to a price per square foot of $606. This transaction reflects the robust activity in the local real estate market.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,500,000
  • Address: 1078 Hall Place
  • Market: Bronx
  • Seller: Brandon Levy and Vate Pepushaj
  • Buyer: Ausch Family
  • Seller's Representative: Joshua Malekan - Bridge Advisory Group

The deal was facilitated by Joshua Malekan from Bridge Advisory Group, representing the sellers, Brandon Levy and Vate Pepushaj, in this transaction involving the Ausch Family as the buyers.

Players

Joshua Malekan

Bridge Advisory Group

Broker

$137.8M

vol

39 deals

Broker
Brandon Levy

Brandon Levy

Seller

$8.9M

vol

6 deals

Seller

Bronx 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93