Updated Oct 26, 2026
4057 White Plains Road
4057 White Plains Road
$2,200,000
Building Size
—
Asset Type
Development Site
Closing
Oct 9, 2026
About this deal
AI
The property involved in this transaction is a development site located at 4057 White Plains Road in the Wakefield market of Bronx. The sale price for the asset was $2,200,000, with a building square footage (BSF) of 16,875 and a price per building square foot (PPBSF) of $130.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,200,000
- Building Square Footage: 16,875
- Price per Building Square Foot: $130
- Buyer: Nathan Rabanipour & Shimshon Grunstein
- Seller: Mirable Family
- Broker: Jared Friedman - Investment Property Realty Group
The transaction was conducted between buyers Nathan Rabanipour and Shimshon Grunstein, represented by Jared Friedman. The sellers, the Mirable Family, were also directly involved in the deal, facilitating the transfer of ownership for the development site.
On the Map
$2,200,000
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93