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950 Rogers Pl, Foxhurst, Th...

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

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

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

$900,000

$58/SF

Building Size

15,324 SF

Asset Type

Development Site

Closing

Feb 8, 2021

AI

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

Broker

$68.9M

vol

15 deals

Broker

Gjek Popaj

Buyer

$8M

vol

3 deals

Buyer

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

17.63%

Cash-on-Cash

-5.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93