Abbott Construction Acquires Medical Office In Bronx From Cresleigh Homes For $8M

The property involved in this transaction is a medical office located at 1940 Webster Avenue in the Bronx. The sale was completed for a total amount of $8,000,000, covering a total square footage of 16,426, resulting in a price per square foot of $487.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $8,000,000
• Address: 1940 Webster Avenue
• Market: Bronx
• Square Footage: 16,426
• Price Per Square Foot: $487
• Buyer: Abbott Construction
• Seller: Cresleigh Homes
• Buyer's Representative: Robert Sharfstein - RPS Capital Management
• Seller's Representatives: Jonathan Squires, Josh Neustadter & Austin Weiner - Cushman & Wakefield

This transaction involved key individuals from both the buyer's and seller's side. Robert Sharfstein, representing Abbott Construction, facilitated the acquisition, while Jonathan Squires, Josh Neustadter, and Austin Weiner represented Cresleigh Homes in the sale process.