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

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.