Mike Pitman Acquires Development Site In Bronx From Jyotsna Deshmukh For $3.6M

The property asset involved in this transaction is a development site located at 2323 Valentine Avenue in the Bronx market. It has a sale price of $3,600,000, and the property consists of 5,000 square feet with a price per square foot of $720. The building has a buildable square footage of 36,000, translating to a price per buildable square foot of $100.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,600,000
• Buyer: Mike Pitman
• Seller: Jyotsna Deshmukh, MD
• Broker: David Simone - Concourse Realty
• BSF: 36,000
• SF: 5,000
• PPBSF: $100
• PPSF: $720

This transaction involved key individuals, including the broker David Simone representing Concourse Realty, who facilitated the deal between the buyer Mike Pitman and seller Jyotsna Deshmukh, MD. The broker provided information regarding additional Bronx development sites and investment properties.