Mendy Tessler Acquires Development Site On Ogden Avenue In Bronx For $1M

The development site located at 1012 Ogden Avenue in Bronx has been sold in a recent transaction. The property spans 3,500 square feet and was sold for a price of $1,000,000, resulting in a price per square foot of $286. The total buildable square footage of the site is 12,040, leading to a price per buildable square foot of $83.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,000,000
• Address: 1012 Ogden Avenue
• Market: Bronx
• Square Footage: 3,500
• Price per Square Foot: $286
• Total Buildable Square Footage: 12,040
• Price per Buildable Square Foot: $83

The buyer in this transaction is Mendy Tessler, while the seller is The Friendly Baptist Church. Cushman & Wakefield represented the buyer in the deal, with the team consisting of Joshua Neustadter, Austin Weiner, Jonathan Squires, Daniel Abbondandolo, and Rob Cullen.