Avison Young Represents Sale Of Development Site In Bronx For $4.6M

A development site located at 2005 Jerome Avenue in the Bronx has been sold in a closed transaction. The property is zoned as R7-1 and C4-4D,J, making it suitable for development purposes. The sale was facilitated by brokers James Nelson and Fritz Richter of Avison Young. The transaction took place on 12/08/2021.

Summary of transaction details

• Property Type: Development Site
• Address: 2005 Jerome Avenue, Bronx
• Market: Bronx
• Zoning: R7-1, C4-4D,J
• Built Square Footage: 60,200
• Price per Built Square Foot: $77
• Asking Price: $4,650,000
• Sale Price: $4,600,000

James Nelson and Fritz Richter of Avison Young provided their expertise as brokers in the transaction. Their role was to represent the parties involved in the deal and facilitate the smooth transfer of the property.