Stagg Group Acquires Development Site In Foxhurst, Bronx From Spencer Equities

The Stagg Group, led by Mark Stagg, has acquired a development site located at 1125 Whitlock Ave. and 1156 E. 165th St. in the Foxhurst neighborhood of the Bronx. The property, which consists of two parcels, was sold by Spencer Equities, controlled by Joel Gluck. The site is zoned for R8A and C2-4, allowing for various development opportunities.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: Not available
• Zoning: R8A, C2-4
• Buyer: Stagg Group – Mark Stagg
• Seller: Spencer Equities – Joel Gluck
• Brokers: Marco Lala, David Raciti, Jack Lala & Michelle Lala – @TeamLalaCRE, [...]

The Stagg Group, led by Mark Stagg, successfully acquired the development site at 1125 Whitlock Ave. and 1156 E. 165th St. in Foxhurst, Bronx. The sellers, Spencer Equities, were represented by Marco Lala, David Raciti, Jack Lala & Michelle Lala from @TeamLalaCRE. The property, with its favorable R8A and C2-4 zoning, presents an opportunity for the Stagg Group to develop a project aligned with the area's market demands.