Gilbane Development Acquires Affordable Housing Site In Unionport, Bronx For $11.67M

The asset involved in the transaction is an Affordable Housing Development Site located at 1931 Lafayette Avenue in Unionport, Bronx. The property was sold for $11,671,489 and spans a total of 32,131 square feet.

Summary of transaction details:

• Property Type: Affordable Housing Development Site
• Transaction Amount: $11,671,489
• Buyer: Gilbane Development
• Seller: Asland Capital Partners & Pembroke
• Brokers: Victor Sozio, Shimon Shkury, Jason M. Gold & Daniel Mahfar - Ariel Property Advisors

The deal involved key individuals and companies such as Gilbane Development as the buyer and Asland Capital Partners along with Pembroke as the sellers. The transaction was facilitated by brokers Victor Sozio, Shimon Shkury, Jason M. Gold, and Daniel Mahfar from Ariel Property Advisors.