Kenneth J. Dudek Acquires Melrose Development Site On E 156th St For $2.5M

Located in the Melrose neighborhood of the Bronx, the property at 372-378 E 156th St recently changed hands in a sale transaction. This development site was sold for a total price of $2,500,000. The asset type of the property is a development site, offering potential for future construction and growth. With a building square footage (BSF) of 61,750, the price per building square footage (PPBSF) amounts to $40. The deal was closed on April 1, 2019.

Summary of transation details

• Property Type: Development Site
• Sale Price: $2,500,000
• Building Square Footage (BSF): 61,750
• Price Per Building Square Footage (PPBSF): $40
• Date: 04/01/2019
• Market: Melrose, Bronx
• Seller: Moujan Vahdat
• Buyer: Kenneth J. Dudek
• Brokers: David Simone - Concoursenyc, Bradley Evans - Bronxbrad

The sale was facilitated by the brokers David Simone from Concoursenyc and Bradley Evans from Bronxbrad. They represented the buyer and seller respectively, ensuring a smooth transaction process. Both parties, Moujan Vahdat (seller) and Kenneth J. Dudek (buyer), played an essential role in the negotiation and completion of the deal. Their expertise and commitment contributed to the successful acquisition of this development site.