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:
- Property Type: Development Site
- Transaction Amount: $13,500,000
- Address: 761 East Tremont Avenue
- Market: Bronx
- Building Square Footage: 129,000
- Price Per Building Square Foot: $104
- Buyer: Vilson Lumaj
- Seller: Yoram Eliyahu
- Broker Representatives: Jonah Corney, Mike Kerwin, Mark Steinmetz & Ari Toledano - Rosewood Realty Group
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
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