Development Site Sold For $4.9 Million In Bronx With Lee & Associates As Brokers

The asset involved in this transaction is a development site located at 10 Van Cortlandt Avenue East in the Bronx. The sale price was $4,900,000, with a building square footage (BSF) of 53,302, resulting in a price per building square foot (PPBSF) of $91. The site measures 12,000 square feet, equating to a price per square foot (PPSF) of $408.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,900,000
• Address: 10 Van Cortlandt Avenue East
• Market: Bronx
• BSF: 53,302
• PPBSF: $91
• SF: 12,000
• PPSF: $408

Sean Slattery and Ben Tapper from Lee & Associates represented both the buyer and seller in this transaction, facilitating the deal without external brokers.