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581 Van Nest Avenue

Updated Apr 17, 2026

Ak Munir Acquires Development Site At 581 Van Nest Avenue From Kristian Saljanin For $575,000
SOLDDevelopment Site

Ak Munir Acquires Development Site At 581 Van Nest Avenue From Kristian Saljanin For $575,000

581 Van Nest Avenue

$575,000

$242/SF

Building Size

2,375 SF

Asset Type

Development Site

Closing

Mar 25, 2026

About this deal

AI

The property involved in the transaction is a development site located at 581 Van Nest Avenue in the Bronx, which was sold for $575,000. The property spans a total square footage of 2,375, with a price per square foot of $242. Additionally, the building square footage is 3,918, resulting in a price per building square foot of $147. The property was sold with approved plans.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $575,000
  • Address: 581 Van Nest Avenue
  • Market: Bronx
  • SF: 2,375
  • PPSF: $242
  • BSF: 3,918
  • PPBSF: $147
  • Buyer: Ak Munir
  • Seller: Kristian Saljanin
  • Buyer & Seller's Rep: Steven Saljanin - EXIT Realty Private Client

Key individuals in this transaction include the buyer, Ak Munir, and the seller, Kristian Saljanin. Steven Saljanin represented both the buyer and seller in this sale, ensuring all aspects of the transaction were handled appropriately.

On the Map

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$575,000

$242/SF

Development Site

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Players

Steven Saljanin

EXIT Realty Private Client

Broker

$3.7M

vol

2 deals

Broker
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Bronx Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $242 per square foot on a published $575K for 2,375 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

27.59%

Cash-on-Cash

-7.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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