Paul Durgaj Of Durgaj Properties And Martin Mane Of Balfin Americas Acquire Bronx Development Site For $22.5M

The property involved in the transaction is a development site located at 680-690 East Fordham Road and 2500-2502 Cambreleng Ave in the Bronx. The sale occurred on April 14, 2026, with a total sale price of $22,500,000. The property spans approximately 251,000 square feet, resulting in a price per square foot of $89.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $22,500,000
• Sale Date: April 14, 2026
• Address: 680-690 East Fordham Road & 2500-2502 Cambreleng Ave
• Market: Bronx
• Square Footage: 251,000
• Price per Square Foot: $89
• Buyer: Paul Durgaj - Durgaj Properties & Martin Mane - Balfin Americas

Note from the buyer indicates that Durgaj Properties, in partnership with the Albanian conglomerate Balfin Group, has established a 50/50 joint venture for acquiring the parking lot of the former Bronx DMV, which comes with approved plans to develop 370 rental apartments.