Joel Wieder Acquires Development Site In Fordham Heights For $5.7M From Spaxel

2047 Ryer Avenue

$5,700,000

$80/SF

Building Size

70,710 SF

Asset Type

Development Site

Closing

Jul 24, 2023

AI

A development site located at 2047 Ryer Avenue in Fordham Heights, Bronx, was sold for a price of $5.7 million. The buyer, Joel Wieder, operating through GW Ryer LLC, acquired the property from the seller, Spaxel - Albert Gurakuq Gjonbalaj. The sale of this development site is noteworthy due to litigation involving Spaxel and another potential buyer over the same parcel.

Summary of transaction details

Property Type: Development Site
Sale Price: $5,700,000
Buyer: Joel Wieder
Seller: Spaxel - Albert Gurakuq Gjonbalaj
Address: 2047 Ryer Avenue, Fordham Heights

Joel Wieder, operating through GW Ryer LLC, successfully acquired the development site located at 2047 Ryer Avenue in Fordham Heights, Bronx, for a purchase price of $5.7 million from Spaxel - Albert Gurakuq Gjonbalaj. The transaction involved litigation between Spaxel and another potential buyer over the same parcel, adding complexity to the deal.

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