Granit Gjonbalaj & Jeff Slavin Acquire Development Site In University Heights For $2.5M

A development site located at 2250-2258 Aqueduct Ave. in University Heights, was recently sold for $2,500,000. The site, with a building square footage (BSF) of 39,531, was purchased by Granit Gjonbalaj and Jeff Slavin of Spaxel. The seller of the property was Kyeong Jae Lee. The transaction took place on March 19, 2021.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,500,000
• Address: 2250-2258 Aqueduct Ave.
• Market: University Heights
• Buyer: Granit Gjonbalaj & Jeff Slavin - Spaxel
• Seller: Kyeong Jae Lee
• Brokers: Matthew Murphy, Anthony Yacovone & @MichaelPanvini @ERG_CommercialRealEstate

The deal was facilitated by brokers Matthew Murphy, Anthony Yacovone, and Michael Panvini from ERG Commercial Real Estate. This transaction presents an opportunity for Granit Gjonbalaj and Jeff Slavin of Spaxel to develop the site and capitalize on its potential.