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

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SOLD
$1,200,000

New York

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Development Site2,375 SF
Sold
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SOLD

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

1684 Weeks Avenue

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Development Site2,375 SF
Sold
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$505
Total Square Footage:2375 SF
Transaction Type:Sale

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 (Mike) Fusco
84 deals$568.3M volume(973) 865-6303
BROKER

Seth Glasser
Marcus & Millichap
118 deals$1.1B volume
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Seth Glasser & Michael Fusco DATE: 9/17/2025 ADDRESS: 1684 Weeks Avenue MARKET: Bronx ASSET TYPE: Development Site BUYER: Ed Lekaj BROKERS: Seth Glasser (@SethGlasser1) & Michael (Mike) Fusco (@Mike_Fusco_NYM) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $1,200,000 SF: 2,375 ~ PPSF: $505

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
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