Mark Stagg Acquires Development Site In The Bronx For $2.96M

A development site located at 915 Elsmere Place in The Bronx has been sold for $2,960,000. The site spans a total of 33,798 square feet and has a price per buildable square foot (PPBSF) of $87.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $2,960,000
• Address: 915 Elsmere Place
• Market: The Bronx
• Building Square Footage: 33,798
• Price per Buildable Square Foot: $87

The buyer of the property is Mark Stagg. The deal was facilitated by Ryan Perkoski and John Martisch from RPR Ventures.

Note: The building on the site has the potential to be developed up to 50,400 square feet, including a community facility.