Syed Hayat Purchases Development Site At 2369 Lorillard Place In Belmont Bronx For $1.35M

The property asset involved in the transaction is a development site located at 2369 Lorillard Place, Belmont, Bronx. The sale transaction was concluded for $1,350,000, with a building square footage of 9,900 and a price per building square foot of $136. The total square footage of the property is 4,500, which translates to a price per square foot of $300.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,350,000
• Building Square Feet: 9,900
• Price Per Building Square Foot: $136
• Total Square Feet: 4,500
• Price Per Square Foot: $300
• Buyer: Syed Hayat
• Seller: Jay Winston
• Brokers: Derek Bestreich, Steve Reynolds, Brian Davila & John Loch - Investment Property Realty Group (IPRG)

The key individuals involved in the transaction include the buyer Syed Hayat and seller Jay Winston, facilitated by the brokerage firm Investment Property Realty Group (IPRG). The brokers representing the deal are Derek Bestreich, Steve Reynolds, Brian Davila, and John Loch, who played essential roles in finalizing the transaction.