Criterion Group Acquires Tremont Development Site From The Salvation Army For $5.5M

A development site located at 4133 Park Avenue and 1820 Webster Avenue in Tremont, Bronx has been sold in a recent transaction. The property, situated in a bustling market, was purchased by Criterion Group from The Salvation Army. The deal was facilitated by brokers Roget Lerner, Steve Bodden, and Jack Lerner from Ecclesiastical Realty. The sale price for the development site was $5,500,000.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $5,500,000
• Address: 4133 Park Avenue & 1820 Webster Avenue
• Market: Tremont, Bronx
• Buyer: Criterion Group
• Seller: The Salvation Army
• Brokers: Roget Lerner, Steve Bodden & Jack Lerner - Ecclesiastical Realty
• BSF: 39,544
• Price per square foot: $139

The transaction, led by the buyer Criterion Group, marks the successful acquisition of this development site from The Salvation Army. Brokers Roget Lerner, Steve Bodden, and Jack Lerner from Ecclesiastical Realty played a crucial role in facilitating the deal. The development site, with a total building square footage of 39,544, was sold for a price of $5,500,000, translating to a price per square foot of $139.