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

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.