Global Management Acquires Development Site On Park Avenue In Bronx For $900K

4656 Park Avenue, located in the Bronx, has been sold in a recent transaction. The property, a development site, was sold for a price of $900,000. It covers a total square footage of 15,000, resulting in a price per square foot of $60. The seller of the property was 4656 Park Corp., represented by John Gojcaj. On the other hand, the buyer was Global Management, led by Aaron Yaghoobian. The deal was facilitated by broker Lahav Deri from Westbridge Realty Group.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $900,000
• Address: 4656 Park Avenue, Bronx
• Market: Bronx

Global Management, the buyer in this transaction, is a company that specializes in ground-up multifamily construction. In addition to seeking development sites and value-add properties in the Bronx, they are also a licensed General Contractor. For more information on their acquisition criteria and project estimates, interested parties can contact Aaron Yaghoobian at [email protected].