Andrea Gjini Acquires Development Site At 205 West 230th Street Bronx For $11.5M
SOLD
$11,500,000
New York
See Similar DealsDevelopment Site111,520 SF
Sold 05/20/2025
SOLD
Andrea Gjini Acquires Development Site At 205 West 230th Street Bronx For $11.5M
205 West 230th Street
See Similar DealsDevelopment Site111,520 SF
Sold 05/20/2025
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$103
Total Square Footage:111,520 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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