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1304 Southern Boulevard

Gary Laki Purchases Bronx Development Site From Diez Family For $1.72M With Broker Christian Dedvukaj
SOLDDevelopment Site

Gary Laki Purchases Bronx Development Site From Diez Family For $1.72M With Broker Christian Dedvukaj

1304 Southern Boulevard & 1306 Southern Boulevard

$1,720,000

Building Size

Asset Type

Development Site

Closing

Nov 9, 2025

AI

The development site located at 1304 Southern Boulevard & 1306 Southern Boulevard in the Bronx has been sold for $1,720,000. The total building square footage is 20,000, resulting in a price per building square foot of $86.

Summary of transaction details:

Christian Dedvukaj represented the seller, Diez Family, in this successful transaction involving the development site. The broker facilitated the deal, ensuring that all parties were aligned throughout the process.

Players

Christian Dedvukaj

Princeton Realty Group

Broker

$23.9M

vol

8 deals

Broker

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

9.22%

Cash-on-Cash

-2.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93