The Stagg Group Acquires Development Site In Bronx For $2.95M

A development site located at 140 West Fordham Road in Bronx was recently sold in a closed transaction. The property, characterized as a development site, spans over 42,407 square feet. The sale took place on March 9, 2020, with an asking price of $3,500,000. The buyer, The Stagg Group, successfully acquired the property for a sale price of $2,950,000. The transaction implies a price per buildable square foot (PPBSF) of $49, with a total buildable square footage (BSF) of 59,805. The market value of the property is estimated to be around $70 per buildable square foot (PBSF).

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $2,950,000
• Date: 03/09/2020
• Address: 140 West Fordham Road, Bronx
• Market: Bronx
• Total Buildable Square Footage: 59,805
• Price per Buildable Square Foot (PPBSF): $49

The buyer of the property is The Stagg Group. They were represented by Jennifer Djurkovic from Djurkovic Investment Properties. For more information regarding the transaction, interested parties can contact Jennifer Djurkovic directly via phone at (631)624-3053 or email at [email protected]. Additional details can also be found on Djurkovic Investment Properties' website at djurkovicip.com.