Brandon Levy & Jacob Stavsky Acquire Development Site In Bronx For $610,000 From Naftali Friedman
802 Westchester Avenue
$610,000
$227/SF
Building Size
2,678 SF
Asset Type
Development Site
Closing
Jun 24, 2026
AI
The asset involved in this transaction is a development site located at 802 Westchester Avenue in the Bronx. The sale price was $610,000, with a building square footage of 8,034 and a price per building square foot of $75. The site also has a total square footage of 2,678, resulting in a price per square foot of $227.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $610,000
- Building Square Footage: 8,034
- Price per Building Square Foot: $75
- Total Square Footage: 2,678
- Price per Square Foot: $227
- Buyer: Brandon Levy & Jacob Stavsky
- Seller: Naftali Friedman
- Sale Date: 6/25/2026
The deal was facilitated by Brandon Levy and Jacob Stavsky, who acted as buyers in this transaction. Naftali Friedman represented the seller. This transaction reflects the direct participation of these individuals in the property market, focused on development opportunities in the Bronx.
Players
Market 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
26.00%
Cash-on-Cash
-7.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93