Updated Nov 2, 2026
Zalman Brody Of ZLB Holdings Acquires Development Site In East Harlem For $3.4M
228 East 118th Street
$3,400,000
Building Size
—
Asset Type
Development Site
Closing
Oct 20, 2026
About this deal
AI
A development site located at 228 East 118th Street in East Harlem, Manhattan was sold for a price of $3,400,000. The total building square footage (BSF) for the site is 22,204, which results in a price per building square foot (PPBSF) of approximately $153. The transaction was finalized on October 20, 2026.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,400,000
- Buyer: Zalman Brody - ZLB Holdings
- Seller: Alan Getz
- Date of Sale: October 20, 2026
- Address: 228 East 118th Street
- Market: East Harlem, Manhattan
- BSF: 22,204
- PPBSF: $153
Zalman Brody, representing ZLB Holdings, successfully acquired the development parcel from Alan Getz in this transaction, marking a significant deal in the East Harlem market.
On the Map
$3,400,000
Development Site
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Bonifay Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93