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
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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