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2788 Sedgwick Avenue

Sokoli Family Purchases Development Site In Bronx For $1.125M With Rep Eddie Hila
SOLDDevelopment Site

Sokoli Family Purchases Development Site In Bronx For $1.125M With Rep Eddie Hila

2788 Sedgwick Avenue

$1,125,000

$281/SF

Building Size

4,000 SF

Asset Type

Development Site

Closing

Jan 29, 2026

AI

The property involved in this transaction is a development site located at 2788 Sedgwick Avenue in the Bronx. The sale price for the asset was $1,125,000. The site comprises a total building square footage of 12,000, which reflects a price per building square foot of $93. Additionally, the site has a total square footage of 4,000, indicating a price per square foot of $281.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,125,000
  • Address: 2788 Sedgwick Avenue
  • Market: Bronx
  • Building Square Feet: 12,000
  • Price Per Building Square Foot: $93
  • Total Square Feet: 4,000
  • Price Per Square Foot: $281
  • Buyer: Sokoli Family
  • Seller: Tony Rinaldi
  • Buyer's Representative: Eddie Hila - Hillstone Properties NY

Eddie Hila from Hillstone Properties NY represents the buyer, providing expertise in navigating the transaction process. For inquiries, interested parties can reach out to Eddie Hila at 347-444-6487 or via email at [email protected].

Players

Eduard Hila

Hillstone Properties NY

Broker

$34M

vol

11 deals

Broker

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

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93