The Harvey Family Acquires Retail Property In Concourse Village, Bronx For $5.7M

The retail property located at 763 Concourse Village W, in the Concourse Village neighborhood of Bronx, has been sold in a recent transaction. The sale was negotiated off-market and the property was delivered vacant, making it ready for major redevelopment. This transaction marks the first sale in almost 40 years from the long-term ownership of the property.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $5,700,000
• Address: 763 Concourse Village W, Bronx
• Market: Concourse Village, Bronx
• Square Footage: 17,625 SF
• Price per Square Foot: $323
• Building Square Footage: 40,564 BSF
• Price per Building Square Foot: $140
• Zoning: C8-3

The Harvey Family acquired the property from the Margalit Family. The deal was facilitated by brokers Jess Pham, Roni Soleimani, and Joshua Pomerantz of SP Capital Group. The property represents a valuable investment opportunity, suitable for value-add projects or potential redevelopment. If you are interested in buying or selling similar properties, or if you require an evaluation of your own property, feel free to contact Roni Soleimani at [email protected] or (212) 235-2764, and Jess Pham at [email protected] or (347) 971-3643.