Ted Concern Acquires High Bridge, Bronx Dev Site On Inwood Avenue For $12.4M

1320 Inwood Avenue, located in the High Bridge neighborhood of Bronx, has recently been sold in a closed transaction. This property is a development site with approximately 155,000 square feet of buildable space. The sale price for this asset was $12,400,000, resulting in a price per buildable square foot of $80.

Summary of Transaction Details

• Property Type: Development Site
• Transaction Amount: $12,400,000
• Address: 1320 Inwood Avenue
• Market: High Bridge, Bronx

Representing the buyer in this transaction was Ted Concern. David Simone, from Concourse Realty, served as Ted Concern's representative. On the seller's side, Nathan Horne from Compass represented the interests of the seller. Both representatives played crucial roles in ensuring the successful closing of this deal.

David Simone, the president of Concourse Realty Partners, demonstrated his expertise and patience in navigating the challenges of selling to a non-profit affordable/supportive development team. His outstanding negotiation skills resulted in achieving the highest possible purchase price for his client. Contact David Simone at [email protected] or 917-559-4584 for more information on potential development sites for purchase or a free valuation of your own property.

Nathan Horne, a broker and attorney specializing in non-profit development, represented the purchaser in this transaction. He showcased his ongoing expertise in affordable/supportive/shelter development, successfully keeping the city- and state-funded transaction intact. Nathan can provide more information on how these types of purchases can benefit both non-profit operators and their non- or for-profit developer partners. Reach out to him at [email protected] or 706-255-5657.