facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Development Site

/

Sale

/

2800 Webster Avenue

Yonah Grunhut And Steven Westreich Acquire Development Site At 2800 And 2790 Webster Avenue For $8.6M
SOLDDevelopment Site

Yonah Grunhut And Steven Westreich Acquire Development Site At 2800 And 2790 Webster Avenue For $8.6M

2800 Webster Avenue & 2790 Webster Avenue

$8,600,000

$308/SF

Building Size

27,900 SF

Asset Type

Development Site

Closing

May 27, 2026

AI

The transaction involved two development sites located at 2800 Webster Avenue and 2790 Webster Avenue in the Bronx. The total sale price was $8,600,000, with a per unit price of $4,300,000. The combined building square footage was 74,094, which equates to a price per building square foot of $116. The total square footage involved in the sale was 27,900, translating to a price per square foot of $308.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $8,600,000
  • Buyer: Yonah Grunhut - Grun Group & Steven Westreich
  • Seller: Nat Rickman
  • Broker Representative for Buyer: David Simone - Concourse Realty
  • Broker Representative for Buyer: Kathy Zamechansky
  • Units: 2
  • BSF: 74,094
  • SF: 27,900
  • PPU: $4,300,000
  • PPBSF: $116
  • PPSF: $308

Kathy Zamechansky and David Simone represented the buyers, Yonah Grunhut and Steven Westreich, in this transaction. The seller, Nat Rickman, finalized the deal on May 28, 2026. For inquiries regarding buying, selling, or leasing space in the Bronx, contact Kathy Z or David Simone.

Players

Kathy Zamechansky

Broker

$11.3M

vol

6 deals

Broker

Steven Westreich

Grun Group

Buyer

$55M

vol

5 deals

Buyer
Grun Group
Grun GroupBuyer

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

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93