Shoshany Family Purchases Development Site From Matt Zeltser For $1.425M In Bronx

1458 East Gun Hill Road is a vacant 5-unit development site located in the Bronx. The property has extensive development rights, facilitating potential new construction. The sale was completed for $1,425,000, translating to a building square footage of 14,760 with a price per building square foot of $96. The site encompasses a total square footage of 3,750, resulting in a price per square foot of $380.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $1,425,000
• Buyer: Shoshany Family
• Seller: Matt Zeltser
• Brokers: Mark Akilov & Mike Sezan - Asset CRG Advisors
• Building Square Footage: 14,760
• Price per Building Square Foot: $96
• Total Square Footage: 3,750
• Price per Square Foot: $380

Mark Akilov and Mike Sezan represented the interests of the buyer and seller in this transaction. The property was put under contract following multiple competitive bids, showcasing the demand for development opportunities in the area. Asset CRG Advisors continues to offer new development opportunities in the Boroughs for interested parties.