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Beitel Group Purchases Development Site From Lightstone Group For $84 Million In Bronx

Property Image
SOLD
$84,000,000
Alex Fuchs
Ben Khakshoor
Aaron Jungreis

New York

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Development Site726,179 SF
Sold 07/18/2025
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Property Image
SOLD

Beitel Group Purchases Development Site From Lightstone Group For $84 Million In Bronx

355 Exterior Street

See Similar Deals
Development Site726,179 SF
Sold 07/18/2025
Alex Fuchs
Ben Khakshoor
Aaron Jungreis
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$115
Total Square Footage:726,179 SF
Transaction Type:Sale

The development site located at 355 Exterior Street in the Bronx has completed a sale transaction amounting to $84,000,000. The property encompasses a total built square footage of 515,000, resulting in a price per built square foot of approximately $163.

Summary of transation details:

The transaction involved key representatives from the brokerage firm Rosewood Realty Group, namely Aaron Jungreis, Ben Khakshoor, and Alex Fuchs, who facilitated the deal between the buyer, Beitel Group, and the seller, Lightstone Group.

Players

Aaron Jungreis
Rosewood Realty Group
Aaron Jungreis
202 deals$4.3B volume(212) 359-9900
BROKER
Ben Khakshoor
Rosewood Realty Group
Ben Khakshoor
132 deals$1.9B volume(212) 359-9913
BROKER
Alex Fuchs
Rosewood Realty Group
Alex Fuchs
100 deals$1.9B volume
BROKER
Rosewood Realty Group
Rosewood Realty Group
BROKERAGE
Beitel Group
Beitel Group
BUYER
Lightstone Group
Lightstone Group
SELLER

Details

SOLD
IMAGE: Aaron Jungreis, Ben Khakshoor, Alex Fuchs DATE: 7/18/2025 ADDRESS: 355 Exterior Street MARKET: Bronx ASSET TYPE: Development Site BUYER: Beitel Group (@BeitelGroup) SELLER: Lightstone Group BROKERS: Aaron Jungreis (@AaronJungreis), Ben Khakshoor (@BenKhak) & Alex Fuchs (@AlexFuchs1) - Rosewood Realty Group (@RosewoodRG) SALE PRICE: $84,000,000 BSF: 515,000 ~ PPBSF: $163

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$298,434.25
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