Twelve Stones Realty Represents Steven Schechter In $2.5M Mixed-Use Property Sale

The mixed-use property located at 707-709 East 214th in the Bronx has been sold in a recent transaction. The property spans over 9,155 square feet and was sold for a price of $2,500,000, resulting in a price per square foot of $273. The building has a total buildable square footage of 25,000, which translates to a price per buildable square foot of $100.

Summary of transation details

• Property Type: Mixed-Use
• Transaction Amount: $2,500,000
• Address: 707-709 East 214th, Bronx
• Square Footage: 9,155
• Price per Square Foot: $273
• Buildable Square Footage: 25,000
• Price per Buildable Square Foot: $100

The seller of the property was Steven Schechter. The sale was facilitated by Reuben Lugassy and Avraham Birnbaum from Twelve Stones Realty, who represented the seller in the transaction. The brokers were able to achieve a higher sales price by utilizing the sale of the properties next door 421A tax abatement.