Andrea Gjini Purchases Development Site At 1822 Crotona Avenue In Bronx For $3.875M
1822 Crotona Avenue
$3,500,000
$90/SF
Building Size
38,760 SF
Asset Type
Development Site
Closing
Aug 19, 2025
AI
The property involved in this transaction is a development site located at 1822 Crotona Avenue in the Bronx. The sale price for this asset was $3,875,000, comprising a total of 38,760 square feet, which translates to a price per square foot of $100.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,875,000
- Address: 1822 Crotona Avenue
- Market: Bronx
- Square Footage: 38,760
- Price Per Square Foot: $100
- Buyer: Andrea Gjini
Andrea Gjini is the buyer of the development site in this transaction. No additional parties or company representatives are mentioned in relation to this deal.
Players
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93