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Isaac Hill Of Magnet Management Acquires Wakefield Development Site For $800K

Property Image
SOLD
$800,000
Menachem Babayov
Steven Westreich

New York

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Development Site168,000 SF
Sold 05/20/2020
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Property Image
SOLD

Isaac Hill Of Magnet Management Acquires Wakefield Development Site For $800K

4058 Bronx Blvd, The Bronx, NY 10466, USA

See Similar Deals
Development Site168,000 SF
Sold 05/20/2020
Menachem Babayov
Steven Westreich
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$4
Total Square Footage:168,000 SF
Transaction Type:Sale

A development site located at 4058 Bronx Blvd in Wakefield was recently sold in a closed transaction. The property has a building square footage (BSF) of 16,800 and was sold at a sale price of $800,000. The asking price for the site was $1,000,000, indicating a negotiated discount. With a price per building square footage (PPBSF) of $48, this property presents an opportunity for development in the area.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $800,000
  • Address: 4058 Bronx Blvd
  • Market: Wakefield

The seller of the development site was Alba Morello. On the buyer's side, Isaac Hill of Magnet Management took part in the transaction. Representing the transaction on behalf of the buyer and seller were Menachem Babayov and Steven Westreich from Westbridge Realty Group.

Players

Menachem Babayov
Westbridge Realty Group
Menachem Babayov
5 deals$3.9M volume
BROKER
Steven Westreich
Westbridge Realty Group
Steven Westreich
19 deals$118.1M volume
BROKER

Details

SOLD
IMAGE: Menachem Babayov & Steven Westreich DATE: 05/20/2020 ADDRESS: 4058 Bronx Blvd MARKET: Wakefield ASSET TYPE: Development Site ASKING PRICE: $1,000,000 SALE PRICE: $800,000 BSF: 16,800 PPBSF: $48 SELLER: Alba Morello BUYER: Isaac Hill – Magnet Management BROKERS: Menachem Babayov & Steven Westreich @WestbridgeRealty Group

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