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

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SOLD
$1,125,000

New York

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Development Site4,000 SF
Sold 01/30/2026
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SOLD

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

2788 Sedgwick Avenue

See Similar Deals
Development Site4,000 SF
Sold 01/30/2026
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$281
Total Square Footage:4,000 SF
Transaction Type:Sale

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 (Eddie) Hila
11 deals$34M volume(347) 444-6487
BROKER

Details

SOLD
IMAGE: Eddie Hila DATE: 1/30/2026 ADDRESS: 2788 Sedgwick Avenue MARKET: Bronx ASSET TYPE: Development Site BUYER: Sokoli Family SELLER: Tony Rinaldi BUYER'S REP: Eddie Hila - Hillstone Properties NY (@HillstonePropertiesNY) SALE PRICE: $1,125,000 BSF: 12,000 ~ PPBSF: $93 SF: 4,000 ~ PPSF: $281 NOTE FROM BUYER'S REP: Hillstone Properties NY proudly represents the buyer in this transaction. Whether you're looking to buy or sell contact us to explore opportunities. For inquires, please contact Eddie Hila at 347-444-6487 or [email protected]

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Deal Type
Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,996.89
Cash-on-Cash Return-1.27%
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