The Durgaj Family Purchases Development Site From The Madathinakam Family For $1.225M In Bronx

The property asset involved in the transaction is a development site located at 754 East 211th Street in the Bronx. It was sold at a price of $1,225,000. The site has a building square footage (BSF) of 13,539, resulting in a price per building square foot (PPBSF) of $90. The property also has a total square footage (SF) of 1,495, equating to a price per square foot (PPSF) of $819.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $1,225,000
• Buyer: The Durgaj Family
• Seller: The Madathinakam Family
• Broker Representatives: Tony Yu & Anand Melwani - Landair Property Advisors

The deal was facilitated by brokers Tony Yu and Anand Melwani, representing Landair Property Advisors. Their involvement contributed to the successful transaction between the Durgaj Family and the Madathinakam Family for the development site in the Bronx.