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Gjek Popaj Acquires Development Site In Foxhurst, Bronx For $900K

Property Image
SOLD
$900,000
Adam Traub
GP

New York

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Development Site15,324 SF
Sold 02/09/2021
the dealplayerscompscontact
Property Image
SOLD

Gjek Popaj Acquires Development Site In Foxhurst, Bronx For $900K

950 Rogers Pl, Foxhurst, The Bronx, NY, USA

See Similar Deals
Development Site15,324 SF
Sold 02/09/2021
Adam Traub
GP
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$58
Total Square Footage:15,324 SF
Transaction Type:Sale

Located in Foxhurst, Bronx, the development site at 950, 952, and 954 Rogers Pl. has been sold in an off-market transaction. The property, zoned as R7-1, offers immense potential for development. The sale was negotiated and closed in less than 45 days by Adam Traub from Curb Capital.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $900,000
  • Address: 950, 952, 954 Rogers Pl.
  • Market: Foxhurst, Bronx
  • Zoning: R7-1
  • Buyer: Gjek Popaj
  • Seller: Israel Newstein & Yona Kohn

This off-market deal, facilitated by Adam Traub at Curb Capital, highlights the efficiency and profitability of the investment sales process. For smooth and profitable investment opportunities, interested parties are encouraged to contact Adam at [email protected].

Players

Adam Traub
Adam Traub
15 deals$68.9M volume
BROKER
GP
Gjek Popaj
3 deals$8M volume
BUYER

Details

SOLD
IMAGE: @AdamRTraub DATE: 02/09/2021 ADDRESS: 950, 952, 954 Rogers Pl. MARKET: Foxhurst, Bronx ASSET TYPE: Development Site ~ ZONING: R7-1 BUYER: Gjek Popaj SELLER: Israel Newstein & Yona Kohn BROKER: Adam Traub @Curb_Capital SALE PRICE: $900,000 BSF: 15,324 ~ PPBSF: $58 NOTE FROM @Curb_Capital: Off-market development site negotiated and closed in less than 45 days. Contact [email protected] for smooth & profitable investment sales.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$48,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
Annual Debt Service$51,197.51