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1410 Longfellow Avenue

Valentino Sokoli Purchases Development Site At 1410 Longfellow Avenue From Sharon Hakmon For $646800
SOLDDevelopment Site

Valentino Sokoli Purchases Development Site At 1410 Longfellow Avenue From Sharon Hakmon For $646800

1410 Longfellow Avenue

$646,800

Building Size

Asset Type

Development Site

Closing

Feb 11, 2026

AI

1410 Longfellow Avenue is a development site located in the Bronx, featuring a sale price of $646,800. The property spans 6,708 square feet, with a price per square foot of $96. The site was a vacant lot that included extensive development rights in place.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $646,800
  • Buyer: Valentino Sokoli
  • Seller: Sharon Hakmon
  • Seller's Representative: Mike Sezan - Asset CRG Advisors
  • BSF: 6,708
  • PPBSF: $96

Mike Sezan represented the seller, Sharon Hakmon, in this transaction. Asset CRG Advisors put the property under contract following multiple competitive bids. There are currently numerous new development opportunities available in the Bronx through the same agency.

Players

Mike Sezan

Asset CRG Advisors

Broker

$117.6M

vol

17 deals

Broker

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

24.53%

Cash-on-Cash

-7.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93