Located at 961 Westchester Avenue in the Foxhurst neighborhood of the Bronx, this development site was recently sold in a transaction. The sale took place on April 15, 2022. The property, which spans a total of 28,056 square feet, was acquired for a price of $2,500,000 at a rate of approximately $89 per square foot.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $2,500,000
• Buyer: Chaim Wiesenfeld
• Seller: Anthony Roussos
• Brokers: Jason Gold & Daniel Mahfar - Ariel Property Advisors
• Date of Sale: April 15, 2022
• Market: Foxhurst, Bronx

Leading this transaction were Jason Gold and Daniel Mahfar from Ariel Property Advisors. They represented the buyer and seller respectively. Ariel Property Advisors, known for its expertise in investment sales, had a strong presence in the Bronx in 2021. With over $500,000,000 in transaction dollar volume and 60 assets across the borough, they played a significant role in the multifamily property market. In fact, 25% of all multifamily properties sold in the borough, amounting to 38% of the total dollar volume, were represented by Ariel Property Advisors. If you're interested in similar opportunities or would like an asset evaluation, reach out to any of the team members at Ariel Property Advisors.