Peter Gjonaj Acquires Development Site At 768 East 175th Street From Solomon Davydov For $2.3M
SOLD
$2,300,000
New York
See Similar DealsDevelopment Site7,000 SF
Sold 03/12/2025
SOLD
Peter Gjonaj Acquires Development Site At 768 East 175th Street From Solomon Davydov For $2.3M
768 East 175th Street
See Similar DealsDevelopment Site7,000 SF
Sold 03/12/2025
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$328
Total Square Footage:7,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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