Durgaj Properties, Balfin Group & Bridge Asset Management Acquires Development Site From Triangle Equities For $24.75M In Bronx

This development site located at 696 East Fordham Road in the Bronx has been sold for $24,750,000. The total building square footage is approximately 286,955, resulting in a price per building square foot of $86.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $24,750,000
• Address: 696 East Fordham Road
• Market: Bronx
• Building Square Footage: 286,955
• Price per Building Square Foot: $86
• Buyer: Durgaj Properties, Balfin Group & Bridge Asset Management
• Seller: Triangle Equities
• Broker Representatives: Brendan Maddigan, Ethan Stanton, Michael Mazzara & Giancarlo Cugini - JLL

The transaction involved prominent buyers Durgaj Properties, Balfin Group, and Bridge Asset Management, with Triangle Equities serving as the seller. The deal was facilitated by the JLL brokerage team consisting of Brendan Maddigan, Ethan Stanton, Michael Mazzara, and Giancarlo Cugini.