Gary Laki Purchases Bronx Development Site From Diez Family For $1.72M With Broker Christian Dedvukaj
SOLD
$1,720,000
New York
See Similar DealsDevelopment Site
Sold 11/10/2025
SOLD
Gary Laki Purchases Bronx Development Site From Diez Family For $1.72M With Broker Christian Dedvukaj
1304 Southern Boulevard & 1306 Southern Boulevard
See Similar DealsDevelopment Site
Sold 11/10/2025
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
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:
- Property Type: Development Site
- Transaction Amount: $1,720,000
- Buyer: Gary Laki
- Seller: Diez Family
- Broker: Christian Dedvukaj - Princeton Realty Group
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$91,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,110.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,153.68
Annual Debt Service$97,844.13
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