Updated Mar 19, 2026
Chaim Weiss & Israel Tishler Of Revamp Team Acquire Development Site In Bronx For $2.795M
2306 Grand Avenue
$2,795,000
$372/SF
Building Size
7,500 SF
Asset Type
Development Site
Closing
Mar 3, 2026
About this deal
AI
The property involved in this transaction is a development site located at 2306 Grand Avenue in the Bronx. The sale price for this asset was $2,795,000, with a building square footage of 25,800 and a price per building square foot of $108. The total square footage is 7,500 with a price per square foot of $372.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,795,000
- Address: 2306 Grand Avenue
- Market: Bronx
- Building Square Footage: 25,800
- Price per Building Square Foot: $108
- Total Square Footage: 7,500
- Price per Square Foot: $372
- Buyer: Chaim Weiss & Israel Tishler - Revamp Team
- Seller: Tarlok Sighn
- Broker: Joel Beer
Chaim Weiss and Israel Tishler, representing the Revamp Team, are the buyers of the property, while Tarlok Sighn is the seller. Joel Beer served as the broker facilitating this transaction.
Players
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
5.68%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93