The asset involved in this transaction is a development site located at 1376-1378 Inwood Avenue in the Mount Eden section of the Bronx. The transaction closed at a price of $2,226,000 for a property with a total buildable square footage of 36,000, which results in a price per buildable square foot of $62.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,226,000
• Address: 1376-1378 Inwood Avenue
• Market: Mount Eden, Bronx
• Buildable Square Footage: 36,000
• Price Per Buildable Square Foot: $62
• Brokers: Daniel Mahfar & Jason M. Gold - Ariel Property Advisors

Daniel Mahfar and Jason M. Gold are affiliated with Ariel Property Advisors, which is actively marketing over 1,500 multifamily units and over 300,000 buildable square feet in the Bronx. Their expertise encompasses opportunities including free market, affordable, vacant, and conversion projects. Interested parties may contact Daniel Mahfar at 646-568-6192 or via email at [email protected] for more information regarding this sale and similar opportunities.