Updated Aug 28, 2025
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
About this deal
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.
On the Map
$3,500,000
$90/SF
Development Site
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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