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
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