Max Orlofsky Acquires Development Site At 1923 Harrison Avenue From Villafane Family For $1M
SOLD
$1,000,000
New York
See Similar DealsDevelopment Site11,510 SF
Sold 01/15/2026
SOLD
Max Orlofsky Acquires Development Site At 1923 Harrison Avenue From Villafane Family For $1M
1923 Harrison Avenue
See Similar DealsDevelopment Site11,510 SF
Sold 01/15/2026
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$86
Total Square Footage:11,510 SF
Transaction Type:Sale
The development site located at 1923 Harrison Avenue in the Bronx has been sold for $1,000,000. The property encompasses 11,510 square feet, resulting in a price per square foot of $86.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,000,000
- Buyer: Max Orlofsky
- Seller: Villafane Family
- Broker: Alicia Afflick - ACG Realty NY LLC
- BSF: 11,510
- PPBSF: $86
In this transaction, Max Orlofsky acquired the property from the Villafane Family, with representation in the deal provided by Alicia Afflick from ACG Realty NY LLC.
Players
BROKER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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