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
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93