Bardhok Kodra Of Kodra Construction Acquires Development Site In East Harlem For $8.9M

The transaction involved a development site located at 7-11 East 115th Street in East Harlem. The site was sold for $8,900,000, equating to $163 per building square foot. The property also included a permanent parking easement for the adjacent lot.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $8,900,000
• Address: 7-11 East 115th Street
• Market: East Harlem
• PPBSF: $163
• Buyer: Bardhok Kodra - Kodra Construction
• Seller: Albert Rabizadeh - Global Asset Management, Inc.
• Seller's Rep: Victor Sozio, Alexander Taic, Michael Tortorici, & Erik Moloney - Ariel Property Advisors
• Buyer's Rep: Hillstone Properties NY

This transaction showcased a collaboration between Kodra Construction, represented by Hillstone Properties NY, and Global Asset Management, Inc., represented by Ariel Property Advisors. The deal was finalized on 8/07/2025, highlighting the strategic planning involving the buyers and sellers within the East Harlem market.