Updated Sep 4, 2026
Brandon Levy And Jacob Stavsky Acquire Development Site In Bronx For $1.2M From Sinchi Family
840 Freeman Street
$1,200,000
$444/SF
Building Size
2,700 SF
Asset Type
Development Site
Closing
Aug 28, 2026
About this deal
AI
The development site located at 840 Freeman Street in the Bronx was sold for $1,200,000. The asset encompasses a total of 2,700 square feet, resulting in a price per square foot of $444.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,200,000
- Square Footage: 2,700
- Price Per Square Foot: $444
- Buyer(s): Brandon Levy & Jacob Stavsky
- Seller: Sinchi Family
- Date of Transaction: 08/28/2026
The transaction was represented by the buyer's broker, whose details were not included in the context provided. The sale involved local stakeholders engaged in the real estate market in the Bronx area.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93