Prakashkumar Patel Acquires Development Site On Jerome Avenue In Bronx For $3M

The development site located at 1665 Jerome Avenue in Bronx has been sold in a closed property transaction. The seller, Ledwin Oviedo, sold the property to the buyer, Prakashkumar Patel, for a sale price of $3,000,000. The asking price for the site was $3,500,000. The property has a building square footage (BSF) of 20,000 and a price per buildable square foot (PPBSF) of $150.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $3,000,000
• Seller: Ledwin Oviedo
• Buyer: Prakashkumar Patel
• Asking Price: $3,500,000
• BSF: 20,000
• PPBSF: $150

John Joseph Rivera from Kassin Sabbagh Realty represented the buyer, Prakashkumar Patel, in this transaction.