GEEL Community Services Acquires Development Site In Bronx, Norwood For $2.475M

A development site located at 3099-3101 Webster Avenue in Bronx, Norwood has been sold for $2,475,000. The property, with a total buildable square footage (BSF) of 33,000, was listed with an asking price of $2,275,000, resulting in a price per buildable square foot (PPBSF) of $75. The transaction took place on August 13, 2019.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,475,000
• Property Address: 3099-3101 Webster Avenue
• Market: Bronx, Norwood

The seller of the development site was Jay Schippers. On the buyer's side, GEEL Community Services, represented by Maria Matias, acquired the property. The transaction was facilitated by brokers Josh Neustadter, Addison Berniker, and Jon Squires.