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

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SOLD
$900,000

New York

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Development Site15,000 SF
Sold 12/06/2018
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SOLD

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

4656 Park Avenue, Bronx, NY 10458

See Similar Deals
Development Site15,000 SF
Sold 12/06/2018
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$60
Total Square Footage:15,000 SF
Transaction Type:Sale

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].

Players

1 deal$900K volume
BROKER

BUYER

Details

SOLD
IMAGE: (Rendering) IMAGE: Aaron Yaghoobian DATE: 12/06/2018 ADDRESS: 4656 Park Avenue MARKET: Bronx ASSET TYPE: Development Site SELLER: 4656 Park Corp. - John Gojcaj BUYER: Global Management - Aaron Yaghoobian BROKER: Westbridge Realty Group - Lahav Deri SALE PRICE: $900,000 BSF: 15,000 ~ PPBSF: $60 🔥 NOTES: Global Management is seeking development sites and value add properties of all sizes and in all neighborhoods of the Bronx. Global Management is also a licensed General Contractor and specializes in ground-up multifamily construction. Contact [email protected] for acquisition criteria as well as project estimates

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