Updated Sep 3, 2026
Brandon Levy Jacob Stavsky Max Orlofsky Acquire Development Site In Bronx For $900,000
737 Cranford Avenue
$900,000
$315/SF
Building Size
2,850 SF
Asset Type
Development Site
Closing
Aug 25, 2026
About this deal
AI
The development site located at 737 Cranford Avenue in the Bronx has been sold for a total of $900,000. The property encompasses a total area of 2,850 square feet, resulting in a price per square foot of $315.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $900,000
- Address: 737 Cranford Avenue
- Market: Bronx
- Seller: Locknauth Family
- Buyer: Brandon Levy, Jacob Stavsky & Max Orlofsky
- Broker: Eduard Hila - Hillstone Properties NY
This transaction involved key individuals including Brandon Levy, Jacob Stavsky, and Max Orlofsky, who acted as buyers in the deal, while the seller was the Locknauth Family. Eduard Hila represented the buyers in this transaction, facilitating the process on behalf of the involved parties.
On the Map
$900,000
$315/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
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93