Vertical Community Development Acquires Development Site From BNS Real Estate For $6M In Bronx

The asset involved in this transaction is a development site located at 411-419 East 148th Street in the Bronx. The site was sold for $6,000,000, translating to approximately $139 per buildable square foot, with a total buildable square footage of 43,028.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $6,000,000
• Address: 411-419 East 148th Street
• Market: Bronx
• BSF: 43,028
• Seller: BNS Real Estate
• Buyer: Vertical Community Development
• Seller's Representative: Jonathan Squires, Josh Neustadter & Austin Weiner - Cushman & Wakefield

The deal included key individuals from Cushman & Wakefield representing the seller, specifically Jonathan Squires, Josh Neustadter, and Austin Weiner, who facilitated the transaction on behalf of BNS Real Estate. The engagement highlights the active role of these representatives in the property market.