Edward Ostad Acquires Mixed-Use Property In Fordham, Bronx For $10.5M

The mixed-use property located at 2374 Grand Concourse & N/A Grand Concourse, in the Fordham neighborhood of the Bronx, has been sold in a closed transaction. The property is situated on a lot with dimensions of 136.88 ft x 78.39 ft, totaling 9,985 square feet. It has a total building square footage (BSF) of 35,074, with a price per BSF of $299. The property also has a total square footage (SF) of 19,471, with a price per SF of $539. The previous sale of this property was recorded on December 18, 2013, for a price of $11,900,000. An alteration permit was issued on December 16, 2021.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $10,500,000
• Market: Fordham, Bronx
• Zoning: C4-4
• Tax Class: 4
• FAR: 1.95

The buyer of the property is Edward Ostad, while the seller is Justin B. Kleiman. The deal was brokered by Justin B. Kleiman's representative.