Gjovan Rroku Acquires Development Site From Sharon Hakmon In Bronx For $1M
740 East 175th Street
$1,000,000
$432/SF
Building Size
2,310 SF
Asset Type
Development Site
Closing
Nov 25, 2025
AI
The property asset involved in this transaction is a development site located at 740 East 175th Street in the Bronx. It has a sale price of $1,000,000, encompasses a building size of 10,320 BSF with a price per BSF of $96, and a total square footage of 2,310 SF at a price per SF of $432.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,000,000
- Buyer: Gjovan Rroku
- Seller: Sharon Hakmon
- Sale Date: 11/26/2025
- Brokers: Mike Sezan & Joe Mast - Asset CRG Advisors
- Market: Bronx
- BSF: 10,320
- PPBSF: $96
- SF: 2,310
- PPSF: $432
The brokers representing this transaction, Mike Sezan and Joe Mast from Asset CRG Advisors, were proactive in their marketing efforts, securing the property under contract within 2 weeks of its initial marketing date. The listing emphasized that the property was a vacant two-family structure possessing extensive development rights. There are opportunities available for new development projects in the Bronx through the brokers, Mike Sezan and Joe Mast, who are reachable via the provided contact information.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93