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905 Tiffany Street

Leo Zicherman Acquires Development Site From Ortiz Family For $1.6M In Bronx
SOLDDevelopment Site

Leo Zicherman Acquires Development Site From Ortiz Family For $1.6M In Bronx

905 Tiffany Street

$1,600,000

$385/SF

Building Size

4,155 SF

Asset Type

Development Site

Closing

May 13, 2026

AI

The development site located at 905 Tiffany Street in Longwood, Bronx has been sold for $1,600,000. The total building square footage (BSF) of the property is 16,620, resulting in a price per building square foot (PPBSF) of $96.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,600,000
  • Address: 905 Tiffany Street
  • Market: Longwood, Bronx
  • Building Square Footage: 16,620
  • Price Per Building Square Foot: $96
  • Buyer: Leo Zicherman
  • Seller: Ortiz Family
  • Broker Representatives: Brian Davila & John Loch - Investment Property Realty Group

The transaction involved buyer Leo Zicherman acquiring the property from the Ortiz Family. The deal was facilitated by brokers Brian Davila and John Loch representing Investment Property Realty Group in the transaction.

Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$283.4M

vol

108 deals

Broker

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93