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2419 Southern Boulevard

Max Orlofsky Purchases Development Site From Fuertes Family In Bronx For $730,000
SOLDDevelopment Site

Max Orlofsky Purchases Development Site From Fuertes Family In Bronx For $730,000

2419 Southern Boulevard

$730,000

$73/SF

Building Size

9,904 SF

Asset Type

Development Site

Closing

Aug 25, 2025

AI

A development site located at 2419 Southern Boulevard in the Bronx was sold for $730,000. The property spans a building square footage of 9,904, resulting in a price per building square foot of $73.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $730,000
  • Buyer: Max Orlofsky
  • Seller: Fuertes Family
  • Broker: Eddie Hila - Hillstone Properties NY

Max Orlofsky is the buyer of the development site, while the seller is the Fuertes Family. Eddie Hila, representing Hillstone Properties NY, facilitated the transaction on behalf of the buyer.

Players

Eduard Hila

Hillstone Properties NY

Broker

$34M

vol

11 deals

Broker
 Hillstone Properties NY
Hillstone Properties NYBrokerage

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

21.73%

Cash-on-Cash

-6.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93