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834 Adee Avenue

Updated Nov 5, 2026

Eddie Hila And Enis Mustafa In One Briefing
SOLDDevelopment Site

Eddie Hila And Enis Mustafa In One Briefing

834 Adee Avenue

$1,325,000

$283/SF

Building Size

4,667 SF

Asset Type

Development Site

Closing

Oct 26, 2026

About this deal

AI

The asset involved in this transaction is a development site located at 834 Adee Avenue in the Bronx. The sale price for this property was $1,325,000, with a building square footage of 14,001, leading to a price per building square foot of $94. The site also has a total square footage of 4,667, which results in a price per square foot of $283.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,325,000
  • Building Square Footage: 14,001
  • Price per Building Square Foot: $94
  • Total Square Footage: 4,667
  • Price per Square Foot: $283
  • Buyer: Tony Rugovaj
  • Seller: Phekoo Family
  • Buyer's Representative: Eddie Hila - Hillstone Properties NY
  • Seller's Representative: Enis Mustafa - Hillstone Properties NY
  • Date of Sale: 10/26/2026

The deal was successfully managed by Eddie Hila and Enis Mustafa, both from Hillstone Properties NY, who represented the buyer and seller, respectively. This was an off-market transaction completed in just 45 days.

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$1,325,000

$283/SF

Development Site

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Players

Eduard Hila

Hillstone Properties NY

Broker

$34.9M

vol

12 deals

Broker

Tony Rugovaj

Hillstone Properties NY

Buyer

$1.3M

vol

1 deal

Buyer

Phekoo Family

Hillstone Properties NY

Seller

$1.3M

vol

1 deal

Seller
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Bronx Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $283 per square foot on a published $1.3M for 4,667 square feet (2026).

Visit Eduard (Eddie) Hila to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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