Guido Subotovsky And Mario Procida Acquire Development Site At 1320 Castle Hill Avenue For $7.5M

The development site located at 1320 Castle Hill Avenue in Parkchester has a sale price of $7,500,000. The property encompasses a building square footage of 54,617, resulting in a price per building square foot of $137.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $7,500,000
• Address: 1320 Castle Hill Avenue
• Market: Parkchester
• BSF: 54,617
• PPBSF: $137

The buyers of the property are Guido Subotovsky of Azimuth Development Group and Mario Procida of Procida Companies. The transaction was facilitated by the brokers Michael Tortorici, Jason M. Gold, Victor Sozio, and Daniel Mahfar from Ariel Property Advisors.