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7 11 East 115th Street

Bardhok Kodra Acquires Development Site At 7-11 East 115th Street For $8.9M
SOLDDevelopment Site

Bardhok Kodra Acquires Development Site At 7-11 East 115th Street For $8.9M

7 11 East 115th Street

$8,900,000

$653/SF

Building Size

13,624 SF

Asset Type

Development Site

Closing

Aug 6, 2025

AI

The property involved in this transaction is a development site located at 7-11 East 115th Street in East Harlem, Manhattan. The sale price for this asset was $8,900,000, covering a building size of 68,120 BSF and a total square footage of 13,624 SF, resulting in a price per BSF of $130 and a price per SF of $653.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $8,900,000
  • Address: 7-11 East 115th Street
  • Market: East Harlem, Manhattan
  • Building Size (BSF): 68,120
  • Price per BSF: $130
  • Total Square Footage (SF): 13,624
  • Price per SF: $653
  • Buyer: Bardhok Kodra
  • Seller: Albert Rabizadeh
  • Buyer's Representative: Alfredo Hila & Rezarta Kola - Hillstone Properties NY
  • Seller's Representative: Ariel Property Advisors

Hillstone Properties NY represented the buyer, Bardhok Kodra, in this transaction. The company facilitated the deal while the seller, Albert Rabizadeh, was represented by Ariel Property Advisors. The involvement of these representatives highlights their roles in successfully bringing this transaction to completion.

Players

Alfredo Hila

Hillstone Properties NY

Broker

$20.5M

vol

4 deals

Broker
Ariel Property Advisors
Ariel Property AdvisorsBrokerage

Albert Rabizadeh

Seller

$110.7M

vol

11 deals

Seller

New York 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

1.78%

Cash-on-Cash

-0.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93