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768 East 175th Street

Peter Gjonaj Acquires Development Site At 768 East 175th Street From Solomon Davydov For $2.3M
SOLDDevelopment Site

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

Solomon Davydov

Seller

$44.9M

vol

10 deals

Seller

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