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Moshe Steinmetz Purchases Development Site At 302 West 128th Street From Stefan Martinovich For $900,000

Property Image
SOLD
$900,000
Brian Whelan
Jared Gootnick
+ 2

New York

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Development Site1,913 SF
Sold 01/27/2026
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Property Image
SOLD

Moshe Steinmetz Purchases Development Site At 302 West 128th Street From Stefan Martinovich For $900,000

302 West 128th Street

See Similar Deals
Development Site1,913 SF
Sold 01/27/2026
Brian Whelan
Jared Gootnick
+ 2
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$470
Total Square Footage:1,913 SF
Transaction Type:Sale

The development site located at 302 West 128th Street in Harlem, Manhattan has been sold for $900,000. The total building square footage of the property amounts to 11,513, with a price per building square foot of $78. The lot square footage of the property is 1,913.

Summary of transaction details:

This transaction involved Moshe Steinmetz as the buyer and Stefan Martinovich as the seller. The brokers representing the deal comprised a team from Ripco, including Mitchel Flaherty, Brian Whelan, Jonathan (Yoni) Auerbach, Jake Shapiro, and Jared Gootnick.

Players

Brian Whelan
30 deals$137M volume(646) 933-2641
BROKER

Mitchel Flaherty
Ripco
32 deals$172.7M volume(646) 933-2642
BROKER

Jared Gootnick
Ripco
4 deals$7.1M volume(646) 828-8882
BROKER

Jonathan Auerbach
Ripco
14 deals$55.2M volume(516) 902-3188
BROKER

Details

SOLD
IMAGE: Jared Gootnick, Brian Whelan, Jonathan (Yoni) Auerbach, Mitchel Flaherty & Jake Shapiro DATE: 1/27/2026 ADDRESS: 302 West 128th Street MARKET: Harlem, Manhattan ASSET TYPE: Development Site BUYER: Moshe Steinmetz SELLER: Stefan Martinovich BROKERS: Mitchel Flaherty (@TheBritInTheBronx), Brian Whelan (@Whee1Deal), Jonathan (Yoni) Auerbach (@TheBrokerBrunch), Jake Shapiro & Jared Gootnick (@JaredGootnick.CRE) - Ripco (@RipcoInvestmentSales) SALE PRICE: $900,000 BSF: 11,513 ~ PPBSF: $78 LOT SF: 1,913

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$48,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
Annual Debt Service$51,197.51