Michael Koenig Acquires Dev. Site In South Bronx For $6M

231-235 Mt. Eden Parkway, located in the South Bronx market of New York, was recently sold in a closed transaction for $6,000,000. The development site spans over 74,120 square feet and has a price per buildable square foot of $80. The property was purchased by Michael Koenig from seller Michael Koulouroudis.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $6,000,000
• Address: 231-235 Mt. Eden Parkway
• City: New York
• Market: South Bronx
• Buildable Square Footage: 74,120 sf
• Price per Buildable Square Foot: $80
• Seller: Michael Koulouroudis
• Buyer: Michael Koenig
• Broker: Concourse Realty Partners’s David Simone

Concourse Realty Partners's David Simone, representing the buyer Michael Koenig, facilitated the transaction. The property will be delivered with approved plans for the construction, offering a rentable space of 74,120 square feet.