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:
- 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.
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