Private Investor Acquires Development Site In Bronx For $4.5M

The development site located at 1610 Eastchester Rd in New York City's Bronx market has been sold for $4,500,000. Spanning over 21,678 square feet, the property was sold at a rate of $207 per square foot. The seller of the site was Arnold Klapow, while the buyer was a private investor. The transaction was facilitated by Silber Investment Properties, with Michael J. Marino representing the buyer.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $4,500,000
• Square Footage: 21,678 sf
• Price per Square Foot: $207
• Address: 1610 Eastchester Rd, New York, NY
• Market: Bronx

Michael J. Marino from Silber Investment Properties played a crucial role in representing the buyer in this transaction. The deal signifies the confidence of a private investor in the potential of the development site located at 1610 Eastchester Rd.