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:
- Property Type: Development Site
- Transaction Amount: $3,500,000
- Address: 311 East 148th Street
- Market: Bronx
- BSF: 26,650
- PPBSF: $131
- SF: 7,721
- PPSF: $453
- Buyer: Moshe Steinmetz
- Seller: Son Tran
- Seller's Representative: Mitchel Flaherty, Brian Whelan, Jonathan Auerbach & Jake Shapiro - Ripco
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
Market 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93