HKS Capital Partners Acquires Future Development Site In Bronx For $2.8M

Three adjoining lots located at 2732, 2736, and 2738 Creston Avenue in the Bronx have been sold in a recent transaction. The multifamily future development site spans a combined area of 44,120 square feet, with each lot measuring 75x100 feet. The property is situated in the Bronx market, offering the potential for future development.

Summary of transaction details

• Property Type: Multifamily - Future Development Site
• Transaction Amount: $2,795,000
• Address: 2732, 2736, 2738 Creston Avenue
• Market: Bronx

The sellers of the properties were Ezra Chammah, Chris Le, and Rosemary Martinez. They were represented by Gabi Peretz and Danny Laniado from Really NY LLC, as well as Richard Torres from RAS Equity Partners. The buyers of the lots were HKS Capital Partners, with Jerry Swartz and Ayush Kapahi leading the transaction. The deal was successfully negotiated by Richard Torres, Danny Laniado, and Gabi Peretz, who managed to secure all three sellers and create a combined 44,120 square feet of buildable space. The buyers have plans to develop the lots in the near future.