Updated Jul 14, 2025
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
$1,200,000
Development Site
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Players
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