Wallace Ave Builders Acquires Development Site In Staten Island For $8.3M

The development site located at 0 Wellbrook Avenue in Staten Island was sold for $8,300,000. The property spans 77,000 square feet with a price per square foot of $108. The building square footage is 115,500, resulting in a price per building square foot of $72.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $8,300,000
• Address: 0 Wellbrook Avenue
• Market: Staten Island
• Buyer: Wallace Ave Builders - Randy Franza
• Seller: Archdiocese
• Brokers: Robert Nixon & Anthony Volpe - PreReal Real Estate

Robert Nixon and Anthony Volpe from PreReal Real Estate represented the parties in this transaction, showcasing their expertise in facilitating the sale between Wallace Ave Builders and the Archdiocese.