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
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