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

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SOLD
$1,200,000

New York

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Development Site3,640 SF
Sold
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SOLD

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

1911 Harrison Avenue

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Development Site3,640 SF
Sold
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$329
Total Square Footage:3,640 SF
Transaction Type:Sale

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
23 deals$30.1M volume(646) 933-2615
BROKER

Investment Property Realty Group (IPRG)
BROKERAGE

Details

SOLD
IMAGE: Jared Friedman DATE: 12/2/2025 ADDRESS: 1911 Harrison Avenue MARKET: Morris Heights, Bronx ASSET TYPE: Development Site BUYER: Danny Rrezja SELLER: Taslima Salam BROKER: Jared Friedman (@Jared_F11) - Investment Property Realty Group (@IPRG_NY) SALE PRICE: $1,200,000 BSF: 12,642 ~ PPBSF: $94 SF: 3,640 ~ PPSF: $329

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35