Court Square RE Partners Acquires Development Site At 1298 Inwood Avenue In Highbridge, Bronx For $17M

A development site located at 1298 Inwood Avenue in the Highbridge neighborhood of the Bronx has been sold for $17,000,000. The property spans approximately 40,000 square feet, resulting in a price per square foot of $425.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $17,000,000
• Address: 1298 Inwood Avenue, Highbridge, Bronx

The buyer, Court Square RE Partners, was represented by Nathan Horne of Compass, while the seller, Park-It Mgmt, was represented by Michael Kramer. The deal was successfully closed with the assistance of both buyer's and seller's representatives.

It is worth noting that the development site in question has a buildable square footage of 144,000, offering ample space for future construction. In addition to the negotiation of transactional terms, Court Square RE Partners collaborated with various New York City agencies to ensure the development of a 194-unit building suitable for a nonprofit organization.

For further inquiries, Nathan Horne of Compass can be reached at [email protected] or 706-255-5657. Michael Kramer, the seller's representative from Park-It Mgmt, can be contacted via mailto:[email protected] or 917-622-5154.