Marinel Bunjaj Purchases Development Site In Tremont Bronx For $1.1 Million With IPRG Representation

The property asset involved in the transaction is a development site located at 1794 Marmion Avenue in the Tremont neighborhood of the Bronx. The sale price for the property was $1,100,000, with a buildable square footage of 11,764 and a price per buildable square foot of $93. The site has a total square footage of 3,420, translating to a price per square foot of $321.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,100,000
• Buyer: Marinel Bunjaj
• Seller: Kellie Davis
• Brokers: Derek Bestreich, Steve Reynolds, Brian Davila & John Loch - Investment Property Realty Group (IPRG)
• Buildable SF: 11,764
• Delivered Vacant: Yes

The key individuals involved in the transaction included Marinel Bunjaj as the buyer and Kellie Davis as the seller. The brokers facilitating the deal were Derek Bestreich, Steve Reynolds, Brian Davila, and John Loch, all affiliated with Investment Property Realty Group (IPRG).