Innovative Development Acquires Development Site In Kingsbridge Heights, Bronx For $2M | 3860-3862 Sedgwick Avenue | Giancarlo Cugini, Karl Brumback | Development Site | Sale

Summary

Sale

NEW YORK

Development Site

17,220 sqft

A development site located at 3860-3862 Sedgwick Avenue in Kingsbridge Heights, Bronx, has been sold for $2,000,000. The site spans 8,610 square feet, resulting in a price per square foot of $232.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $2,000,000
Address: 3860-3862 Sedgwick Avenue, Kingsbridge Heights, Bronx
Square Footage: 8,610
Price Per Square Foot: $232

The sale was facilitated by Giancarlo Cugini and Karl Brumback of JLL, who represented both the buyer, Innovative Development, and the sellers, Clem Colucci and Donna Dodds. The transaction took place on 10/11/2023.

Players

All
3

Agents
2
Agencies
1

Giancarlo Cugini

Capital Markets Associate

$74.3M Sold

Karl Brumback

Managing Director

$361.5M Sold

JLL

Details

Deal Summary

SOLD

IMAGE: Giancarlo Cugini & Karl Brumback DATE: 10/11/2023 ADDRESS: 3860-3862 Sedgwick Avenue MARKET: Kingsbridge Heights, Bronx ASSET TYPE: Development Site BUYER: Innovative Development SELLER: Clem Colucci & Donna Dodds BROKERS: Giancarlo Cugini & Karl Brumback - JLL (@JLL) SALE PRICE: $2,000,000 SF: 8,610 ~ PPSF: $232

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Address3860-3862 Sedgwick Avenue

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