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Bujaj Family Acquires Development Site In Riverdale Bronx From Sotir Zonea For $1.6125M

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SOLD
$1,612,500

New York

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Development Site5,000 SF
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Bujaj Family Acquires Development Site In Riverdale Bronx From Sotir Zonea For $1.6125M

3232 Oxford Avenue

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Development Site5,000 SF
Sold
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$322
Total Square Footage:5,000 SF
Transaction Type:Sale

The property involved in the transaction is a development site located at 3232 Oxford Avenue in the Riverdale neighborhood of Bronx. The sale price for the property was $1,612,500, with a building square foot (BSF) of 11,000 and a price per building square foot (PPBSF) of $146. The total square footage of the site is 5,000, with a price per square foot (PPSF) of $322.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $1,612,500
  • Address: 3232 Oxford Avenue
  • Market: Riverdale, Bronx
  • Building Square Feet: 11,000
  • Price per Building Square Foot: $146
  • Total Square Footage: 5,000
  • Price per Square Foot: $322
  • Buyer: Bujaj Family
  • Seller: Sotir Zonea
  • Broker: Jared Friedman & David Roman - Investment Property Realty Group

Jared Friedman and David Roman from Investment Property Realty Group represented the parties involved in this closed transaction, facilitating the deal between the buyer, Bujaj Family, and the seller, Sotir Zonea.

Players

Jared Friedman
24 deals$32.5M volume(646) 933-2615
BROKER

David Roman
Investment Property Realty Group (IPRG)
11 deals$15.9M volume(718) 360-9609
BROKER

Investment Property Realty Group (IPRG)
BROKERAGE

Details

SOLD
IMAGE: Jared Friedman DATE: 1/23/2026 ADDRESS: 3232 Oxford Avenue MARKET: Riverdale, Bronx ASSET TYPE: Development Site BUYER: Bujaj Family SELLER: Sotir Zonea BROKER: Jared Friedman (@Jared_F11) & David Roman - Investment Property Realty Group (@IPRG_NY) SALE PRICE: $1,612,500 BSF: 11,000 ~ PPBSF: $146 SF: 5,000 ~ PPSF: $322

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,728.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,644.07
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