Damian Rodriguez & Carlos M. Acquire Development Site In Fordham, Bronx For $1.8M

A development site located at 2633 Webster Avenue in the Fordham neighborhood of Bronx has been sold for $1,800,000. The property spans approximately 4,320 square feet, resulting in a price per square foot of $416. The building's total square footage is 11,042, with a price per buildable square foot of $163. The transaction took place on July 30, 2020. The property was purchased by Damian Rodriguez and Carlos M. [Last name not provided] and the sale was facilitated by an undisclosed broker.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,800,000

The buyer, Damian Rodriguez, and Carlos M. [Last name not provided], acquired the development site in Fordham. The represented brokerage involved in the deal has not been disclosed. The lender for the transaction was JP Morgan Chase. The property has a floor area ratio (FAR) of 4.2 and is zoned as R7D and C2-4. The lot size measures 34.75 feet by 75.67 feet, totaling 2,629 square feet. The tax class for the property is 4.