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
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