Gjek Popaj Acquires Development Site In Bronx For $2.1M With Broker Adam Traub
113 East 184th Street, Bronx, NY 10468
$2,100,000
$59/SF
Building Size
35,292 SF
Asset Type
Development Site
Closing
Aug 12, 2020
AI
A development site located at 113 East 184th Street in the Bronx has been sold for a price of $2,100,000. The off-market transaction was negotiated and closed within an impressive timeframe of less than 30 days, despite the challenges posed by the COVID-19 pandemic. The property spans a total square footage of 35,292 and is situated in a highly sought-after market.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $2,100,000
- Buyer: Gjek Popaj
- Seller: Jason Xie
- Broker: Adam Traub - Curbcap
- Market: Bronx
Adam Traub of Curbcap played a pivotal role as the broker in facilitating the successful sale of this development site. For any interested parties, please feel free to contact Adam Traub at [email protected] to gain access to aggressive and motivated investors eager to explore similar opportunities.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93