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1822 Crotona Avenue

Andrea Gjini Purchases Development Site At 1822 Crotona Avenue In Bronx For $3.875M
SOLDDevelopment Site

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

Andrea Gjini

Buyer

$88M

vol

7 deals

Buyer

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