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
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