Updated Oct 1, 2026
SOLDDevelopment Site
Yiannes Einhorn's Einhorn Development Group Acquires 1440 Amsterdam Ave In $7.9M Deal
Amsterdam Ave & W 133rd St, New York, NY 10031, USA
$7,900,000
$112/SF
Building Size
70,000 SF
Asset Type
Development Site
Closing
Jun 12, 2018
About this deal
AI
Yiannes Einhorn of Einhorn Development Group has acquired a property located at 1440 Amsterdam Ave for $7.9M. The asset spans an area of 70k square feet, translating to a price per square foot of $112. The transaction took place on 06/13/18 at the intersection of 133rd Street and Amsterdam Avenue.
Summary of transaction details
- Property Type: Not specified
- Transaction Amount: $7.9M
- Address: 1440 Amsterdam Ave
- City: Not specified
The seller of the property was Athena Vrettos. The buyer, Yiannes Einhorn, was represented in the deal by the brokers Ryan Sabet, Vickram Jambu, and Chris Varjan from CPRE. The buyer's plans for the property include constructing a residential component spanning 50k square feet, as well as a retail and commercial space of 20k square feet at the base. The commercial space will be returned to the seller upon completion. It is important to note that Einhorn Development Group has no affiliation with "PAPI" or individuals David Einhorn and Yannie Einhorn.
On the Map
$7,900,000
$112/SF
Development Site
View full map
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Vickram Jambu to view all their deals.
Browse New York development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93