Updated Jun 24, 2025
The Durgaj Family Purchases Development Site From The Madathinakam Family For $1.225M In Bronx
754 East 211th Street
$1,225,000
$819/SF
Building Size
1,495 SF
Asset Type
Development Site
Closing
Jun 2, 2025
About this deal
AI
The property asset involved in the transaction is a development site located at 754 East 211th Street in the Bronx. It was sold at a price of $1,225,000. The site has a building square footage (BSF) of 13,539, resulting in a price per building square foot (PPBSF) of $90. The property also has a total square footage (SF) of 1,495, equating to a price per square foot (PPSF) of $819.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,225,000
- Buyer: The Durgaj Family
- Seller: The Madathinakam Family
- Broker Representatives: Tony Yu & Anand Melwani - Landair Property Advisors
The deal was facilitated by brokers Tony Yu and Anand Melwani, representing Landair Property Advisors. Their involvement contributed to the successful transaction between the Durgaj Family and the Madathinakam Family for the development site in the Bronx.
On the Map
$1,225,000
$819/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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93