SKF Development Acquires Development Site From BX Capital For $5.5 Million In Fordham

The sale involves a development site located at 2055, 2057 & 2059 Ryer Avenue in the Fordham market. The transaction was closed at a price of $5,500,000, encompassing a total square footage of 70,000, which results in a price per square foot of $78.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $5,500,000
• Address: 2055, 2057 & 2059 Ryer Avenue
• Market: Fordham
• Square Footage: 70,000
• Price Per Square Foot: $78
• Buyer: SKF Development
• Seller: BX Capital
• Broker Representatives: Ceasar Salama & Marc Sitt - KSR

The brokers representing the deal are Ceasar Salama and Marc Sitt from KSR, who facilitated the transaction between SKF Development as the buyer and BX Capital as the seller, contributing to the completion of this notable sale.