ACMH, Inc Acquires Development Site On Jerome Avenue In Bronx For $8.4M

The development site located at 1760-1768 Jerome Avenue in the Bronx has been sold in a closed transaction. The property spans an area of 16,560 square feet, with a sale price of $8,400,000. This translates to a price per square foot of $507. The gross buildable area of the site is 100,800 square feet, resulting in a price per buildable square foot of $83.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $8,400,000
• Address: 1760-1768 Jerome Avenue, Bronx
• Square Footage: 16,560 SF
• Price Per Square Foot: $507
• Gross Buildable Area: 100,800 SF
• Price Per Buildable Square Foot: $83

The buyer of the property is ACMH, Inc, while the seller is Porlos Realty Corp - Gigi Porcelli. The deal was facilitated by Giancarlo Cugini and Karl Brumback from JLL, representing both the buyer and the seller.