Phipps Houses Acquires Mixed-Use Property In Belmont, Bronx For $3.5M

The mixed-use building at 800 East 182nd Street in Belmont, the Bronx, was sold for $3.5 million. The buyer, Phipps Houses, acquired the property from Joseph Daniel Zola's entity, 800 East 182nd Street Corp. The building has a total square footage of 5,770, with a price per square foot of $607. The sale price per buildable square foot is $176, and the building has a total buildable square footage of 19,848.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $3,500,000
• Address: 800 East 182nd Street, Belmont
• Market: Belmont
• Buyer: Phipps Houses - Matthew Kelly
• Seller: Joseph Daniel Zola
• Building Square Footage: 5,770
• Price per Square Foot: $607
• Sale Price per Buildable Square Foot: $176
• Total Buildable Square Footage: 19,848

Matthew Kelly, representing Phipps Houses, was the buyer in this transaction. On the other hand, Joseph Daniel Zola was the seller. The mixed-use building at 800 East 182nd Street is located in Belmont, the Bronx, and has been successfully transferred from Zola's ownership to Phipps Houses.