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528 East Fordham Road

Updated Feb 12, 2025

Bilt advertisement
528 East Fordham Road
SOLDDevelopment Site

528 East Fordham Road

528 East Fordham Road

$5,000,000

$88/SF

Building Size

56,561 SF

Asset Type

Development Site

Closing

Jan 17, 2025

About this deal

AI

No summary available.

The development site sale at 528 East Fordham Road in Bronx, New York sold for $5M in 2025. The building is 56,561 square feet, implying about 88 per square foot on the published price. Steve Lorenzo, George Steffani, Chris Varjan, Jonathan Braun appear on the sale alongside Lee & Associates. This page is the Bronx, New York file for the 528 East Fordham Road development site sold: pricing, party profiles, and other closed development site comps from the same Bronx sit in the Market section below. Filter that Bronx development site set by closing date to see what else sold near 528 East Fordham Road around 2025. Published consideration for 528 East Fordham Road is $5M, dated 2025. Cite this 528 East Fordham Road sale when underwriting similar development site product around Bronx, New York.

Players

Chris Varjan

Lee & Associates

Broker

$476.6M

vol

29 deals

Broker

Bronx Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $88 per square foot on a published $5M for 56,561 square feet (2025).

Visit Steve Lorenzo to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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