Updated Nov 5, 2026
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.
On the Map
$1,325,000
$283/SF
Development Site
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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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93