Gus Galitos Acquires Development Site In Bronx From 5 Boro Real Estate Partners For $900,000

Located at 2610 Saint Raymond Ave. in the Bronx, this development site has been sold in a closed transaction. The property spans 11,543 square feet and is classified as a Development Site. The deal was finalized on November 12, 2021, with a sale price of $900,000. The price per buildable square footage (PPBSF) is $77.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $900,000
• Address: 2610 Saint Raymond Ave.
• Market: Bronx
• Buyer: Gus Galitos
• Seller: 5 Boro Real Estate Partners - Moshik Regev
• Brokers: Chris Varjan, Steve Lorenzo, Jonathan Bruan & George Steffani - Lee & Associates NYC
• BSF: 11,543
• PPBSF: $77

The deal was facilitated by the broker representatives Chris Varjan, Steve Lorenzo, Jonathan Bruan, and George Steffani, who are associated with Lee & Associates NYC. They successfully represented both the buyer, Gus Galitos, and the seller, 5 Boro Real Estate Partners - Moshik Regev, in this transaction.