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].
Bronx 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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93