Foxy Management Acquires 2 Vacant Lots & 3 Family House In Bronx For $4M

The property involved in this transaction consists of 2 vacant lots and a 3-family house located at 2010 and 2016 Arthur Avenue, as well as 612 East 179 Street in New York City's Bronx neighborhood. The total buildable square footage of the property is approximately 95,520 square feet, with a price per buildable square foot of $41. The sale took place on January 4, 2018, with Foxy Management, represented by Jeff Fox, as the buyer. Pedro Mateo, John Lyristakis, and Alfonso Rodriguez, each involved in separate transactions, were the sellers. HighCap Group's Guy Vardi and Jonathan Bichoupan served as the brokers for this transaction.

Summary of transaction details

• Property Type: 2 Vacant Lots & 3 Family House
• Transaction Amount: $4,000,000
• Address: 2010 and 2016 Arthur Avenue; 612 East 179 Street
• City: New York
• Market: Bronx
• Buyer: Foxy Management - Jeff Fox
• Seller: Pedro Mateo, John Lyristakis & Alfonso Rodriguez
• Broker: Guy Vardi & Jonathan Bichoupan of HighCap Group

In addition to the sale, the developer is planning to create the first Biophilic, affordable senior housing center in New York City, adding another layer of significance to this transaction.