Fordham University Acquires 5,000 SF Property For $4.4M On East Fordham Road

Located at 619 East Fordham Road, the property in Fordham, Bronx, was recently involved in a closed transaction. The property spans 5,000 square feet and was sold for a sale price of $4,400,000. The initial asking price for the property was $3,665,000, indicating a successful negotiation. With a price per square foot of $880, the property boasts a favorable investment potential. The buyer of the property was Fordham University, while the seller was Six 19 Custom LLC, represented by Joe Rose. The transaction was facilitated by brokers Addison Berniker and Jonathan Squires.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $4,400,000
• Address: 619 East Fordham Road
• Market: Fordham, Bronx
• Square Footage: 5,000
• Price per Square Foot: $880

It is noteworthy that Fordham University acquired the property, demonstrating their commitment to expanding their presence in the Fordham area. The successful transaction highlights the vibrant real estate market in the Bronx and emphasizes the desirability of the location. Addison Berniker and Jonathan Squires, brokers from an undisclosed agency, facilitated the deal, showcasing their expertise in the local market and establishing their role as trusted representatives.