Andrea Gjini Acquires Development Site In Bronx For $3.3M
2769-2773 Creston Avenue, NY
$3,300,000
$109/SF
Building Size
30,172 SF
Asset Type
Development Site
Closing
Nov 3, 2022
AI
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.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93