Lulzim Leguci Acquires Bronx Development Site For $1.05M

781-783 Elsmere Place, a development site located in the Bronx, was recently sold for $1,050,000. The property spans a total of 17,200 square feet, making it an attractive investment opportunity in the market. With a price per buildable square footage (PPBSF) of $61, this transaction showcases the value and potential of this development site.

Summary of transaction details:

• Property Type: Development site
• Transaction Amount: $1,050,000
• BSF: 17,200 square feet
• PPBSF: $61
• Market: Bronx
• Buyer: Lulzim Leguci
• Seller: John Torres
• Brokers: Jacob Harooni & Jonathan Hakimian, represented by SPCapitalGroup

This transaction, which took place during the height of COVID, highlights the resilience and determination of those involved in the real estate industry. Despite the challenging circumstances, both the buyer and the seller were able to negotiate a successful deal for 781-783 Elsmere Place.