Andrea Gjini Purchases Development Site At 1822 Crotona Avenue In Bronx For $3.875M
SOLD
$3,500,000
New York
See Similar DealsDevelopment Site38,760 SF
Sold 08/20/2025
SOLD
Andrea Gjini Purchases Development Site At 1822 Crotona Avenue In Bronx For $3.875M
1822 Crotona Avenue
See Similar DealsDevelopment Site38,760 SF
Sold 08/20/2025
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$90
Total Square Footage:38,760 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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