Andrea Gjini Acquires Development Site In Bronx For $3.3M
SOLD
New York
See Similar DealsDevelopment Site30,172 SF
Sold 11/03/2022
SOLD
Andrea Gjini Acquires Development Site In Bronx For $3.3M
2769-2773 Creston Avenue, NY
See Similar DealsDevelopment Site30,172 SF
Sold 11/03/2022
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$109
Total Square Footage:30,172 SF
Transaction Type:Sale
A development site located at 2769-2773 Creston Avenue in Bronx has been sold for a transaction price of $3,300,000. The property spans a total square footage (BSF) of 30,172, resulting in a price per square foot (PPBSF) of $109. The transaction took place on 11/03/2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,300,000
- Address: 2769-2773 Creston Avenue
- Market: Bronx
- Buyer: Andrea Gjini
- Seller: Rajive Maret
- Broker: Michael Saidian - Capital Property Partners
- BSF: 30,172
- PPBSF: $109
The deal was facilitated by broker Michael Saidian of Capital Property Partners, who represented both the buyer, Andrea Gjini, and the seller, Rajive Maret.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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