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496 East 134th Street

Yonah Grunhut, Moshe Friedlander, Yaakov Lefkowitz & Chesky Lefkowitz Acquire Development Site In Bronx For $2.78M
SOLDDevelopment Site

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.

Players

Yaakov Lefkowitz

Buyer

$10.5M

vol

6 deals

Buyer

Steve Zervoudis

Seller

$16.2M

vol

4 deals

Seller

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