Barry Wagshal And Zev Mayer Acquire Mixed-Use Property In Highbridge For $2.8M

The mixed-use property located at 1149 Nelson Ave., 122 & 128 West 167th St. in Highbridge has been sold for a price of $2,800,000. The property has a total building square footage (BSF) of 31,304 and a price per BSF (PPBSF) of $89. The total square footage (SF) of the property is 11,328 with a price per square foot (PPSF) of $247. The transaction took place on December 22, 2021.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $2,800,000
• Market: Highbridge
• Zoning: R7-1

The buyers of the property are Barry Wagshal and Zev Mayer, while the seller is Milana Aranbaiev. The transaction was facilitated by Matthew Barbaccia from Brix Real Estate Advisors. Additionally, the buyer plans to demolish and redevelop a portion of the site while renovating the remaining portion, resulting in a total of 11 units.

For more information, interested parties can reach out to Matthew Barbaccia at Brix Real Estate Advisors via phone at 914-980-7828 or visit their website at brixadvisors.com.