The Bridge Inc And Radson Development Acquire Development Site From Manhattan Bible Church For $15.8M

The property asset involved in this transaction is a development site located at 3816 9th Avenue in the Inwood market. The sale price for this asset was $15,800,000, with a building square footage (BSF) of 143,878 and a price per building square foot (PPBSF) of $110.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $15,800,000
• Address: 3816 9th Avenue
• Market: Inwood
• Building Square Footage: 143,878
• Price Per Building Square Foot: $110
• Buyer: The Bridge Inc & Radson Development
• Seller: Manhattan Bible Church
• Brokers: Michael Musto, Lev Kimyagarov & Rubin Isak - Development Site Advisors

Michael Musto, Lev Kimyagarov, and Rubin Isak from Development Site Advisors represented the transaction, specializing in assisting religious organizations and not-for-profits with their real estate assets in New York City. The team emphasizes their commitment to helping these organizations unlock the full potential of their properties.