Frank Lelo Purchases Development Site At 2960 Cruger Avenue From Dale Green For $2M

The development site located at 2960 Cruger Avenue, in the Allerton market of Bronx, was sold for $2,000,000. The property features a building square footage of 22,179, resulting in a price per square foot of $90. The asset was delivered vacant upon closing.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,000,000
• Buyer: Frank Lelo
• Seller: Dale Green
• Brokers: Derek Bestreich, Steve Reynolds, Brian Davila & John Loch - Investment Property Realty Group (IPRG)
• BSF: 22,179
• PPBSF: $90

The brokers represented in this transaction were effective in procuring a buyer who completed the purchase within 2 weeks of signing the contract. This efficient process highlights the performance of the Investment Property Realty Group (IPRG) in handling the sale.