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

Property Image
SOLD
$2,500,000
Michael Panvini
Matthew Murphy
Anthony Yacovone

New York

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Development Site39,531 SF
Sold 03/19/2021
the dealplayerscompscontact
Property Image
SOLD

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

2250 Aqueduct Avenue East, The Bronx, NY, USA

See Similar Deals
Development Site39,531 SF
Sold 03/19/2021
Michael Panvini
Matthew Murphy
Anthony Yacovone
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$63
Total Square Footage:39,531 SF
Transaction Type:Sale

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.

Players

Matthew Murphy
Matthew Murphy
7 deals$24.5M volume
BROKER
Anthony Yacovone
Anthony Yacovone
2 deals$4.5M volume
BROKER
Michael Panvini
Michael Panvini
1 deal$2.5M volume
BROKER
S
Spaxel
BUYER
S
Spaxel
BUYER

Details

SOLD
IMAGE: Matthew Murphy, Granit Gjonbalaj, Michael Panvini, Jeff Slavin & Anthony Yacovone DATE: 03/19/2021 ADDRESS: 2250-2258 Aqueduct Ave. MARKET: University Heights ASSET TYPE: Development Site BUYER: Granit Gjonbalaj & Jeff Slavin - Spaxel SELLER: Kyeong Jae Lee BROKERS: Matthew Murphy, Anthony Yacovone & @MichaelPanvini @ERG_CommercialRealEstate SALE PRICE: $2,500,000 BSF: 39,531 ~ PPBSF: $63

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