Dan Shavolian Acquires Commercial Property In Westchester Village, Bronx For $5.75M

The commercial property located at 1364-1396 Blondell Avenue in Westchester Village, Bronx has been sold for a total price of $5,750,000. The property is zoned as M1-1 and covers a total area of 31,419 square feet. It has a building square footage of 10,997 and a price per square foot of $522. The property has a floor area ratio (FAR) of 0.35 and falls under tax class 4. The lot size is also 31,419 square feet. The previous sale of the property took place on December 19, 2015, for $180,000. Permits for full demolition were issued on December 13, 2021. The lot dimensions are 231.52 feet by 148.05 feet.

Summary of Transaction Details:

• Property Type: Commercial
• Transaction Amount: $5,750,000
• Zoning: M1-1
• Market: Westchester Village, Bronx
• Buyer: Dan Shavolian
• Seller: Rita Messuri
• Building Square Footage: 10,997
• Price per Square Foot: $522

The deal was facilitated by Dan Shavolian from an undisclosed agency, who represented the buyer, and Rita Messuri, who represented the seller. These individuals played key roles in the transaction, ensuring its successful completion.