Nalcorp Acquisitions Acquires Development Site At 338-344 Grand Concourse For $8 Million

The property asset involved in this transaction is a development site located at 338-344 Grand Concourse in the Bronx market. The sale price was $8,000,000, and the property encompasses a total area of 10,920 square feet, resulting in a price per square foot of $732.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $8,000,000
• Address: 338-344 Grand Concourse
• Market: Bronx
• Square Feet: 10,920
• Price Per Square Foot: $732
• Buyer: Nalcorp Acquisitions
• Buyer's Representative: Anshel Friedman
• Seller: Heted Realty Corporation
• Seller's Representative: Steve Strat
• Brokerage: Ripco
• Brokers: Mitchel Flaherty, Brian Whelan, Jonathan Auerbach

The deal involved Nalcorp Acquisitions as the buyer, represented by Anshel Friedman, while the seller, Heted Realty Corporation, was represented by Steve Strat. The transaction was facilitated by brokers Mitchel Flaherty, Brian Whelan, and Jonathan Auerbach from Ripco, illustrating a collaborative effort in the acquisition process.