Zev Mayer Acquires Development Site At 20 And 22 Mount Hope Place For $4.6M

The asset involved in this transaction is a development site located at 22 Mount Hope Place and 20 Mount Hope Place in the Mt Hope section of the Bronx. The two adjacent parcels were sold for a combined total of $4,600,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,600,000
• Buyer: Zev Mayer
• Address: 22 Mount Hope Place & 20 Mount Hope Place
• Market: Mt Hope, Bronx

The buyer, Zev Mayer, acquired the two parcels as part of a strategy to assemble a development site. Grun Group is planning a project that will consist of 99 rental units on this site.