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3728 Bronx Boulevard

Updated Jul 14, 2025

Erenik & Roland Nezaj Acquire Development Site In Olinville Bronx For $1.2M
SOLDDevelopment Site

Erenik & Roland Nezaj Acquire Development Site In Olinville Bronx For $1.2M

3728 Bronx Boulevard

$1,200,000

Building Size

—

Asset Type

Development Site

Closing

Jul 7, 2025

About this deal

AI

This development site located at 3728 Bronx Boulevard in the Olinville neighborhood of Bronx is involved in a sale transaction. The sale price for the property was $1,200,000, with a building square footage of 15,000 and a price per building square foot of $80.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,200,000
  • Address: 3728 Bronx Boulevard
  • Market: Olinville, Bronx
  • Building Square Footage: 15,000
  • Price per Building Square Foot: $80
  • Buyer: Erenik & Roland Nezaj
  • Seller: Nilza Lopez
  • Broker Representatives: Derek Bestreich, Steve Reynolds, Brian Davila & John Loch - Investment Property Realty Group (IPRG)
  • Note: Delivered Vacant

The transaction involved brokers who represent the buyer and seller. The representatives from Investment Property Realty Group (IPRG) included Derek Bestreich, Steve Reynolds, Brian Davila, and John Loch.

On the Map

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$1,200,000

Development Site

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Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$290.4M

vol

111 deals

Broker

Erenik Nezaj

Buyer

$8.7M

vol

3 deals

Buyer
Bilt advertisement

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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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