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Azimuth Development Group Acquires Development Site In South Bronx For $2.2M

Property Image
SOLD
$2,215,000
Kobi Zamir
Zachary Fuchs
Ohad Babo

New York

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Development Site36,000 SF
Sold 01/25/2022
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Property Image
SOLD

Azimuth Development Group Acquires Development Site In South Bronx For $2.2M

407 East 158th Street, The Bronx, New York 10451, United States

See Similar Deals
Development Site36,000 SF
Sold 01/25/2022
Kobi Zamir
Zachary Fuchs
Ohad Babo
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$61
Total Square Footage:36,000 SF
Transaction Type:Sale

A development site located at 407-409 East 158th Street in the South Bronx has been sold. The property was purchased by Azimuth Development Group from seller Peter Brooke for a total sale price of $2,215,000. The transaction took place on January 25, 2022.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,215,000
  • Market: South Bronx
  • Address: 407-409 East 158th Street

Kobi Zamir of GFI Realty Services represented the buyer, Azimuth Development Group, during the transaction. Ohad Babo and Zachary Fuchs, also from GFI Realty Services, represented the seller, Peter Brooke. The development site has a buildable square footage (BSF) of 36,000, resulting in a price per buildable square footage (PPBSF) of $61.

Players

Ohad Babo
Kassin Sabbagh Realty
Ohad Babo
20 deals$192.7M volume(212) 837-4529
BROKER
Zachary Fuchs
GFI Realty Services
Zachary Fuchs
62 deals$322.8M volume
BROKER
Kobi Zamir
GFI Realty Services
Kobi Zamir
11 deals$77.3M volume
BROKER
AG
Azimuth Development Group
BUYER

Details

SOLD
IMAGE: Ohad Babo, Zachary Fuchs & Kobi Zamir DATE: 01/25/2022 ADDRESS: 407-409 East 158th Street MARKET: South Bronx ASSET TYPE: Development Site BUYER: Azimuth Development Group SELLER: Peter Brooke BUYER’S REP: Kobi Zamir - GFI Realty Services (@GFIRealty) SELLER’S REP: Ohad Babo (@Ohad_Babo) & Zachary Fuchs (@ZacharyDFuchs) - GFI Realty Services (@GFIRealty) SALE PRICE: $2,215,000 BSF: 36,000 ~ PPBSF: $61

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