SKF Development Acquires Development Site In Bronx For $3.8M

Located at 171 East 205th Street in the Bronx, New York, the property is a 7,690 square foot development site. The asset was sold for $3,800,000.00 and is situated in the Bedford Park section of the Bronx. The buyer of the property was SKF Development, with Zachary Fuchs from GFI Realty Services representing both the buyer and the seller, Zef Dedaj.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $3,800,000.00
• Address: 171 E 205th St, Bronx, NY, 10458
• Market: Bronx
• SF: 7690

Permits have been filed to construct a 64-unit eight-story residential building on the site, totaling 44,019 square feet. This marks the first trade of this asset in 30 years. The development site enjoys close proximity to Fordham University, the New York Botanical Gardens, Montefiore Hospital, and the B-D subway lines.