Omega Construction Acquires Mixed-Use Property In Bronx From Bluestone Group For $1.3M

The property involved in this transaction is a mixed-use asset located at 991 Boston Road (3308 Third Ave.) and 989 Boston Road (3310 Third Ave.) in the Bronx. The sale was executed at a price of $1,300,000, encompassing a total of 8 units, which include 2 stores and 6 apartments. The overall square footage of the property is 10,950, leading to a price per unit (PPU) of $162,500 and a price per square foot (PPSF) of $119.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,300,000
• Units: 8
• Price Per Unit: $162,500
• Square Footage: 10,950
• Price Per Square Foot: $119
• Buyer: Omega Construction
• Seller: Bluestone Group
• Broker: Richard Guarino - Friedman-Roth Realty

This sale involved key participants, including Omega Construction as the buyer, with Bluestone Group acting as the seller. Richard Guarino from Friedman-Roth Realty represented Bluestone Group in this transaction, facilitating the deal in the Bronx market.