Updated Oct 7, 2026
Arben Mitaj Acquires Development Site In Mott Haven Bronx From Baker Capital For $850,000
520a Wales Avenue
$850,000
Building Size
—
Asset Type
Development Site
Closing
Sep 25, 2026
About this deal
AI
The property asset involved in this transaction is a development site located at 520A Wales Avenue in the Mott Haven neighborhood of the Bronx. The sale price of the property was $850,000, with a building square footage of 10,500 and a price per building square foot of $80.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $850,000
- Building Square Footage: 10,500
- Price Per Building Square Foot: $80
- Buyer: Arben Mitaj
- Seller: Baker Capital
- Broker: Jared Friedman - Investment Property Realty Group
The individuals involved in this transaction include buyer Arben Mitaj and seller Baker Capital, with Jared Friedman representing the interests of Baker Capital in the deal through Investment Property Realty Group.
On the Map
$850,000
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
18.66%
Cash-on-Cash
-5.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93