Shorewood Real Estate Group Acquires Development Site From Atlantic Development Group For $28.5M

The development site at 350 Grand Concourse in the Bronx was sold for $28,500,000. The property encompasses a buildable square footage of 223,000, equating to a price per buildable square foot of $127.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $28,500,000
• Address: 350 Grand Concourse
• Market: Bronx
• BSF: 223,000
• PPBSF: $127
• Buyer: Shorewood Real Estate Group
• Seller: Atlantic Development Group
• Brokers: Mitchel Flaherty, Brian Whelan, Kevin Schmitz & Stephen R. Preuss Sr. - Ripco

The transaction involved four brokers representing the deal: Mitchel Flaherty, Brian Whelan, Kevin Schmitz, and Stephen R. Preuss Sr., all from Ripco. Their collective expertise facilitated this significant transaction between Shorewood Real Estate Group and Atlantic Development Group.