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761 East Tremont Avenue

Vilson Lumaj Acquires Development Site In Bronx From Yoram Eliyahu For $13.5M
SOLDDevelopment Site

Vilson Lumaj Acquires Development Site In Bronx From Yoram Eliyahu For $13.5M

761 East Tremont Avenue

$13,500,000

Building Size

Asset Type

Development Site

Closing

Jun 8, 2026

AI

The property involved in this transaction is a development site located at 761 East Tremont Avenue in the Bronx. The sale was completed at a price of $13,500,000, with a building square footage (BSF) of 129,000 and a price per building square foot (PPBSF) set at $104.

Summary of transaction details:

This transaction featured key players including buyer Vilson Lumaj and seller Yoram Eliyahu. The brokers involved in facilitating the deal were Jonah Corney, Mike Kerwin, Mark Steinmetz, and Ari Toledano, all representing the parties through Rosewood Realty Group.

Players

Mike Kerwin

Rosewood Realty Group

Broker

$292.3M

vol

31 deals

Broker

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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93