Mark Stagg Of Stagg Group & Jorge Madruga Of MADDD Equities Acquire Development Site In Bronx For $40.51M

The asset involved in the transaction is a development site located at 2740 Webster Avenue and 2768 Webster Avenue in the Bronx market. The sale price for this development site was $40,514,695, encompassing a total building square footage of 656,630, resulting in a price per building square foot of $62.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $40,514,695
• Address: 2740 Webster Avenue & 2768 Webster Avenue
• Market: Bronx
• Building Square Footage: 656,630
• Price per Building Square Foot: $62
• Buyer: Mark Stagg - Stagg Group & Jorge Madruga - MADDD Equities
• Brokers: Jonathan Squires, Josh Neustadter & Austin Weiner - Cushman & Wakefield

Key individuals in this transaction include Mark Stagg representing Stagg Group and Jorge Madruga from MADDD Equities as the buyers. The deal was brokered by Jonathan Squires, Josh Neustadter, and Austin Weiner, all associated with Cushman & Wakefield, who facilitated the sale for the development site.