Nathan Rabanipour Of Marchini Capital Acquires Development Site At 4057 White Plains Road For $2,200,026

The asset involved in this transaction is a development site located at 4057 White Plains Road in the Bronx. The sale price for the property was $2,200,026. This development project will consist of 47 residential units with ground-floor commercial space, utilizing additional air rights acquired from a neighboring property.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,200,026
• Buyer: Nathan Rabanipour - Marchini Capital
• Seller: Nick Mirable
• Broker: Jared Friedman - Investment Property Realty Group
• Buyer’s Attorney: Ariel Boutehsaz, ESQ

Nathan Rabanipour, Founder of Marchini Capital, noted that the firm is actively focused on acquiring development sites, multifamily, and mixed-use properties throughout NYC. The buyer's attorney, Ariel Boutehsaz, is associated with the Law Offices of Daniel Rabanipour, P.C., located in Hicksville, NY.