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
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
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93