Yaakov Lefkowitz Acquires Development Site From Lall Family In Fordham Bronx For $2M

The development site located at 2486-2488 Elm Place in Fordham, Bronx, was sold for $2,000,000. The property has a building square footage of 13,997 and a price per building square foot of $142. Additionally, the site encompasses a total square footage of 4,083 with a price per square foot of $489.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $2,000,000
• Building Square Footage: 13,997
• Price per Building Square Foot: $142
• Total Square Footage: 4,083
• Price per Square Foot: $489
• Buyer: Yaakov Lefkowitz
• Seller: Lall Family
• Brokers: Jared Friedman & David Roman - Investment Property Realty Group

Jared Friedman and David Roman represented the seller, Lall Family, in this transaction. The buyer, Yaakov Lefkowitz, acquired additional air rights, facilitating the potential development of a 99-unit building on the site.