Dan Shavolian Acquires Development Site At 1932 Jerome Avenue In Bronx For $4.785M

The development site located at 1932 Jerome Avenue, Bronx, was sold for a price of $4,785,000. The total built square footage (BSF) of the property is 62,156, resulting in a price per built square foot (PPBSF) of $76. Additionally, the site offers a total square footage (SF) of 10,325 with a price per square foot (PPSF) of $463.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,785,000
• Buyer: Dan Shavolian
• Broker: Michael Gilbert - Gilco Realty LLC
• Address: 1932 Jerome Avenue
• Market: Bronx
• Total Built Square Footage: 62,156
• Price Per Built Square Foot: $76
• Total Square Footage: 10,325
• Price Per Square Foot: $463

Michael Gilbert of Gilco Realty LLC represented the transaction as the broker for the buyer, establishing the deal for the identified development site in the Bronx market.