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311 East 148th Street

Moshe Steinmetz Acquires Development Site At 311 East 148th Street In Bronx For $3.5M
SOLDDevelopment Site

Moshe Steinmetz Acquires Development Site At 311 East 148th Street In Bronx For $3.5M

311 East 148th Street

$3,500,000

$453/SF

Building Size

7,721 SF

Asset Type

Development Site

Closing

Jun 22, 2026

AI

The asset involved in the transaction is a development site located at 311 East 148th Street in the Bronx. The sale price is $3,500,000, with a building square footage (BSF) of 26,650 and a price per building square foot (PPBSF) of $131. The total square footage (SF) is 7,721, resulting in a price per square foot (PPSF) of $453.

Summary of transaction details:

Key individuals in this transaction include the buyer Moshe Steinmetz and the seller Son Tran. The transaction was represented by Mitchel Flaherty, Brian Whelan, Jonathan Auerbach, and Jake Shapiro from the agency Ripco.

Players

Brian Whelan

Ripco

Broker

$137.6M

vol

31 deals

Broker

Market Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93