Al Kolenovic's AK Development Corp. Acquires Bronx Development Site For $980K

AK Development Corp. has purchased a development site located at 633 E. 230th St. in Bronx. The property, situated on a 50ft X 114.67ft lot, consists of a 3-family building. The sale took place on October 21, 2021, and the transaction was facilitated by Liran Azizian of VORO NYC.

Summary of transaction details

• Property Type: Development Site
• Sale Price: $980,000
• BSF (Building Square Footage): 17,199
• PPBSF (Price per Building Square Foot): $56
• Number of Units: 3
• PPU (Price per Unit): $326,666
• Address: 633 E. 230th St., Bronx
• Market: Bronx

In addition to this purchase, AK Development Corp. has acquired three other development sites within the past 9 months. Liran Azizian of VORO NYC, who represented the buyer in this deal, specializes in fix 'n' flips, distressed assets, and development opportunities. For future rental inquiries, please contact Liran directly at (917)-312-0907 or [email protected].