Yanes Family Purchases Development Site From Albert Rabizadeh For $1.55 Million In Bronx

The development site located at 1908 Cross Bronx Expressway Service Road in the Bronx has been sold for $1,550,000. The property consists of a building size of 6,750 square feet, equating to a price per square foot of $229. The total buildable square feet for the site is 20,250, with a price per buildable square foot of $76.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,550,000
• Buyer: Yanes Family
• Seller: Global Asset
• Broker: Eddie Hila - Hillstone Properties NY
• Buildable Square Feet: 20,250
• Price per Buildable Square Foot: $76
• Square Feet: 6,750
• Price per Square Foot: $229

Eddie Hila from Hillstone Properties NY represented both the buyer and the seller in this transaction. The property was sold as-is with tenants in place, following nearly a year on the market under the seller's direct listing. Hillstone Properties NY facilitated the closing of the deal, successfully aligning the needs of both parties.