Peter Gjonaj Acquires Development Site At 768 East 175th Street From Solomon Davydov For $2.3M
768 East 175th Street
$2,300,000
$328/SF
Building Size
7,000 SF
Asset Type
Development Site
Closing
Mar 12, 2025
AI
The development site located at 768 East 175th Street in the Bronx has been sold for a price of $2,300,000. The site boasts a building square footage (BSF) of 23,800, translating to a price per building square foot (PPBSF) of $96. It has a total square footage (SF) of 7,000, with a price per square foot (PPSF) of $328.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,300,000
- Address: 768 East 175th Street
- Market: Bronx
- Building Square Footage: 23,800
- Price Per Building Square Foot: $96
- Total Square Footage: 7,000
- Price Per Square Foot: $328
- Buyer: Peter Gjonaj
- Seller: Solomon Davydov
Peter Gjonaj is the buyer of the property, while Solomon Davydov serves as the seller in this transaction.
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93