Batista Family Sells Development Site Assembly In Bronx For $2.9 Million With Asset CRG Advisors

The transaction involved a development site assemblage located at 848 East 176th Street, 850 East 176th Street, and 852 East 176th Street in the Bronx. The properties were sold for $2,900,000. The total buildable square footage was 34,840, equating to a price per buildable square foot of $83. The total lot size was 8,710 square feet, with a price per square foot of $333.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,900,000
• Seller: Batista Family
• Brokers: Sadya Liberow & Yuriy Ustoyev - Asset CRG Advisors
• Buildable Square Feet: 34,840
• Lot Size: 8,710 SF
• Price per Buildable Square Foot: $83
• Price per Square Foot: $333

Sadya Liberow and Yuriy Ustoyev from Asset CRG Advisors were instrumental in facilitating the sale, successfully managing to close the deal between three separate owners while ensuring all properties were delivered vacant. They are actively involved in marketing and closing several other properties within the boroughs.