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205 West 230th Street

Andrea Gjini Acquires Development Site At 205 West 230th Street Bronx For $11.5M
SOLDDevelopment Site

Andrea Gjini Acquires Development Site At 205 West 230th Street Bronx For $11.5M

205 West 230th Street

$11,500,000

$103/SF

Building Size

111,520 SF

Asset Type

Development Site

Closing

May 19, 2025

AI

The development site located at 205 West 230th Street in the Bronx has been sold for $11,500,000. This transaction involved a total area of 111,520 square feet, equating to a price per square foot of $103.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $11,500,000
  • Address: 205 West 230th Street
  • Market: Bronx
  • Square Footage: 111,520
  • Price per Square Foot: $103
  • Buyer: Andrea Gjini

Andrea Gjini is the buyer involved in this transaction, marking a significant acquisition within the market. No other parties in the deal have been disclosed in the provided information.

Players

Andrea Gjini

Buyer

$88M

vol

7 deals

Buyer

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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93