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1911 Harrison Avenue

Danny Rrezja Acquires Development Site In Morris Heights Bronx From Taslima Salam For $1.2M
SOLDDevelopment Site

Danny Rrezja Acquires Development Site In Morris Heights Bronx From Taslima Salam For $1.2M

1911 Harrison Avenue

$1,200,000

$329/SF

Building Size

3,640 SF

Asset Type

Development Site

Closing

Dec 1, 2025

AI

The asset involved in this transaction is a development site located at 1911 Harrison Avenue in Morris Heights, Bronx. The transaction was finalized at a sale price of $1,200,000. The total building square footage (BSF) of the site is 12,642, which results in a price per building square foot (PPBSF) of $94. Additionally, the site has a total square footage (SF) of 3,640, translating to a price per square foot (PPSF) of $329.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,200,000
  • Address: 1911 Harrison Avenue
  • Market: Morris Heights, Bronx
  • BSF: 12,642
  • PPBSF: $94
  • SF: 3,640
  • PPSF: $329
  • Buyer: Danny Rrezja
  • Seller: Taslima Salam
  • Broker: Jared Friedman - Investment Property Realty Group

The key individuals involved in this transaction are buyer Danny Rrezja and seller Taslima Salam. The deal was facilitated by broker Jared Friedman from Investment Property Realty Group, who represents the interests of the buyer and seller in this transaction.

Players

Jared Friedman

Investment Property Realty Group (IPRG)

Broker

$34.9M

vol

26 deals

Broker
Investment Property Realty Group (IPRG)
Investment Property Realty Group (IPRG)Brokerage

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