Aron Stark & Yitzchok Salamon Acquire Development Site In Mount Hope Bronx For $3,735,000

The property involved in this transaction is a development site located at 216, 218, 220 East 179th Street in the Mount Hope neighborhood of Bronx. The transaction was completed for a sale price of $3,735,000, with a building square footage of 35,217 and a lot size of 5,850 square feet. The price per building square foot was $106.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,735,000
• Building Square Footage: 35,217
• Price Per Building Square Foot: $106
• Lot Size: 5,850
• Buyer: Aron Stark & Yitzchok Salamon
• Seller: Moortee Budhai, Mohamed Shameer & Vincent Lee
• Brokers: Brian Davila, Steve Reynolds & John Loch - Investment Property Realty Group
• Transaction Date: 07/31/2026

This transaction involved negotiations with three separate sellers, including some life estate tenants, who had varied closing requests and timelines, along with their respective attorneys. Interested parties may reach out to the brokers for other on and off market Bronx inventory through their provided contact information.