Updated Dec 30, 2025
Yonah Grunhut Acquires Development Site At 623 East 178th Street From Idrissa Kone For $6M
623 East 178th Street
$6,000,000
$99/SF
Building Size
60,331 SF
Asset Type
Development Site
Closing
Nov 9, 2025
About this deal
AI
The property asset involved in this transaction is a development site located at 623 East 178th Street in the Bronx. The sale was completed on November 10, 2025, for a total price of $6,000,000. The building contains 60,331 square feet, and the price per square foot is $99. The total building square footage (BSF) is 67,320, resulting in a price per building square foot (PPBSF) of $89.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,000,000
- Buyer: Yonah Grunhut
- Seller: Idrissa Kone
- BSF: 67,320
- PPBSF: $89
- SF: 60,331
- PPSF: $99
This transaction involved Yonah Grunhut as the buyer and Idrissa Kone as the seller, marking a significant exchange within the local real estate market. Both parties played crucial roles in finalizing this deal, contributing to the ongoing development dynamics in the Bronx.
On the Map
$6,000,000
$99/SF
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93