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1684 Weeks Avenue

Ed Lekaj Purchases Development Site At 1684 Weeks Avenue In Bronx For $1.2M With Brokers Seth Glasser & Michael Fusco
SOLDDevelopment Site

Ed Lekaj Purchases Development Site At 1684 Weeks Avenue In Bronx For $1.2M With Brokers Seth Glasser & Michael Fusco

1684 Weeks Avenue

$1,200,000

$505/SF

Building Size

2,375 SF

Asset Type

Development Site

Closing

Sep 16, 2025

AI

The property asset involved in this transaction is a development site located at 1684 Weeks Avenue in the Bronx. The sale was completed for a transaction amount of $1,200,000, encompassing a total area of 2,375 square feet, which translates to a price per square foot of $505.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,200,000
  • Address: 1684 Weeks Avenue
  • Market: Bronx
  • Square Footage: 2,375
  • Price Per Square Foot: $505
  • Buyer: Ed Lekaj
  • Brokers: Seth Glasser & Michael (Mike) Fusco - Marcus & Millichap

The deal involved key individuals, including buyer Ed Lekaj and brokers Seth Glasser and Michael Fusco from Marcus & Millichap, representing the parties involved in this real estate transaction.

Players

Michael Fusco

Marcus & Millichap

Broker

$581.1M

vol

89 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93