New York City School Construction Authority Acquires Development Site For $12.65M

The Development Site located at 6389-6393 Broadway in Bronx was sold for $12,650,000. Spanning 32,660 square feet, the property was purchased at a rate of $387 per square foot.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $12,650,000
• Buyer: New York City School Construction Authority
• Seller: The Loewy & Patel Families
• Brokers: Giancarlo Cugini & Karl Brumback - JLL
• Address: 6389-6393 Broadway
• Market: Bronx

Giancarlo Cugini and Karl Brumback from JLL facilitated the transaction, representing the buyer and seller respectively in the sale of the Development Site. The New York City School Construction Authority acquired the property from The Loewy & Patel Families in this transaction.