Jerry Goodman Purchases Development Site From Owolabi Family For $4.8M In Bronx

The property involved in this sale is a development site located at 390 E 197th Street & 2737 Webster Avenue in the Bronx. The asset has a sale price of $4,800,000 and encompasses a buildable square footage (BSF) of 47,531. The price per buildable square foot (PPBSF) amounts to $100, while the total square footage is 10,200, translating to a price per square foot (PPSF) of $470.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,800,000
• Address: 390 E 197th Street & 2737 Webster Avenue
• Market: Bronx
• Buildable Square Footage (BSF): 47,531
• Price per Buildable Square Foot (PPBSF): $100
• Total Square Footage (SF): 10,200
• Price per Square Foot (PPSF): $470
• Buyer: Jerry Goodman
• Seller: Owolabi Family
• Brokers: Alexandre Goulet, Dean Abouelhassan & Anand Melwani - Landair Advisors

Key individuals involved in this transaction include the buyer, Jerry Goodman, and the seller, Owolabi Family. The transaction was facilitated by brokers Alexandre Goulet, Dean Abouelhassan, and Anand Melwani from Landair Advisors, who are also currently marketing multiple new development sites in the Bronx.