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302 West 128th Street

Updated Mar 11, 2026

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

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

302 West 128th Street

$900,000

$470/SF

Building Size

1,913 SF

Asset Type

Development Site

Closing

Jan 26, 2026

About this deal

AI

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

Ripco

Broker

$141.1M

vol

32 deals

Broker

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $470 per square foot on a published $900K for 1,913 square feet (2026).

Visit Mitchel Flaherty to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

17.63%

Cash-on-Cash

-5.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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