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

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.