Yonah Grunhut, Moshe Friedlander, Yaakov Lefkowitz & Chesky Lefkowitz Acquire Development Site In Bronx For $2.78M
496 East 134th Street
$2,780,000
$103/SF
Building Size
26,933 SF
Asset Type
Development Site
Closing
Jan 14, 2026
AI
The asset involved in this transaction is a development site located at 496 East 134th Street in the Bronx market. The sale price was $2,780,000. The property features a building square footage of 29,920, with a price per building square foot of $92. Additionally, the site has a total square footage of 26,933, resulting in a price per square foot of $103.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $2,780,000
- Building Square Footage: 29,920
- Price per Building Square Foot: $92
- Total Square Footage: 26,933
- Price per Square Foot: $103
- Buyer: Yonah Grunhut, Moshe Friedlander, Yaakov Lefkowitz & Chesky Lefkowitz
- Seller: Steve Zervoudis
- Sale Date: 1/15/2026
The deal was represented by the buyer's representatives, who played a crucial role in facilitating the transaction between the buyers and the seller, Steve Zervoudis.
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
5.71%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93