WellLife Network Acquires Development Site In Olinville, Bronx For $7.5M

An $8,480 square foot development site located at 3642 Willett Avenue in Olinville, Bronx, was recently sold for $7,500,000. The property was purchased by WellLife Network from the Church of Saint Mary of Olinville. The sale price translates to $884 per square foot.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $7,500,000
• Address: 3642 Willett Avenue
• Market: Olinville, Bronx
• Buyer: WellLife Network
• Seller: Church of Saint Mary of Olinville
• BSF: 53,345
• PPBSF: $141
• SF: 8,480
• PPSF: $884

The transaction involved the sale of the development site to WellLife Network, representing the buyer in the deal. The seller, Church of Saint Mary of Olinville, completed the transaction, which closed on October 18, 2022. This transaction showcases the ongoing real estate activity in the Olinville market, with a significant sale price of $7,500,000.