Hayat Family Purchases Development Site From Bibbo Family For $1,475,000 In Belmont Bronx

This transaction involves a development site located at 2306 Cambreleng Avenue in the Belmont market of the Bronx. The property was sold for $1,475,000, with a building square footage of 14,448, resulting in a price per building square foot of $102. The total square footage of the site is 4,200, which translates to a price per square foot of $351.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,475,000
• Building Square Footage: 14,448
• Price per Building Square Foot: $102
• Total Square Footage: 4,200
• Price per Square Foot: $351
• Buyer: Hayat Family
• Seller: Bibbo Family
• Broker: Jared Friedman - Investment Property Realty Group (IPRG)
• Date of Transaction: 04/09/2026

Jared Friedman, representing the Investment Property Realty Group (IPRG), facilitated this sale, which was put under contract within 10 days of being hired. The brokerage is actively involved in diverse asset types across the Bronx.