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Samuel Weiss Acquires Development Site In Bronx From Daniel Gabay For $440,000

Property Image
SOLD
$440,000
SW
DG

New York

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Development Site6,500 SF
Sold 10/22/2020
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Property Image
SOLD

Samuel Weiss Acquires Development Site In Bronx From Daniel Gabay For $440,000

598 Eagle Ave, The Bronx, NY 10455, USA

See Similar Deals
Development Site6,500 SF
Sold 10/22/2020
SW
DG
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$67
Total Square Footage:6,500 SF
Transaction Type:Sale

A development site located at 598 Eagle Ave in the Bronx has been sold in a recent transaction. The property encompasses approximately 6,500 square feet and has a price per buildable square foot (PPBSF) of $68. The transaction involved the sale of the property to Samuel Weiss for a total price of $440,000. The property has the potential for the construction of 10 residential units.

Summary of transaction details

  • Property Type: Development site
  • Transaction Amount: $440,000
  • Address: 598 Eagle Ave, Bronx
  • Market: Bronx
  • BSF: 6,500
  • PPBSF: $68
  • Units: 10

The buyer in this transaction was Samuel Weiss, while the seller was Daniel Gabay. It's worth noting that the seller had to deal with a utility easement and a street easement in order to secure approval from the Department of Buildings (DOB) for the development on the site. The seller is now looking to carry out a 1031 exchange and can be contacted at [email protected] for potential deals.

Players

SW
Samuel Weiss
2 deals$4.4M volume
BUYER
DG
Daniel Gabay
4 deals$4.7M volume
SELLER

Details

SOLD
IMAGE: Daniel Gabay DATE: 10/22/2020 ADDRESS: 598 Eagle Ave. MARKET: Bronx ASSET TYPE: Development site BUYER: Samuel Weiss SELLER: Daniel Gabay PRICE: $440,000 BSF: 6,500 ~ PPBSF: $68 UNITS: 10 NOTE: Seller had to contend with a utility easement and a street easement to secure DOB approval and now seeks a 1031 – send deals to: ? [email protected]

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