Updated May 12, 2025
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
About this deal
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.
On the Map
$2,300,000
$328/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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93