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
Bronx Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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