Jonathan Bahami Purchases Development Site At 672 Oakland Place From Lucky Damiano For $625K

This development site, located at 672 Oakland Place in the Bronx, was sold for $625,000. It has a building size of 8,600 BSF and 2,500 SF, with a price per BSF of $72 and a price per SF of $250. The site is designated for a 2-family knockdown and has the potential for development into 11 units.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $625,000
• Buyer: Jonathan Bahami
• Seller: Lucky Damiano
• Broker: Lena Rivera
• BSF: 8,600
• PPBSF: $72
• SF: 2,500
• PPSF: $250

Lena Rivera represented the transaction as the broker. She has a portfolio including over 100 million dollars in sales, 200+ residential leases, and 100,000 square feet in retail/office leases. With more than a decade of property management experience, she currently seeks additional buildings to manage, lease, sell, or buy, and has access to hard money loans. Note from Broker: Every Deal Counts!!