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5 Boro Real Estate Partners Acquires Mixed-Use Property In Bronx For $8.75M

2970 Third Avenue
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This Mixed-use property located in NY was sold for $8,750,000 over 2 years ago. The broker of the deal was Steve Lorenzo

The mixed-use property located at 2970 Third Avenue in Bronx was recently sold in a transaction that took place in September 2021. The sale involved the buyers, 5 Boro Real Estate Partners, and the sellers, The Jackson Group. The property spans an area of 15,000 square feet and was sold for a total price of $8,750,000, resulting in a price per square foot of $583.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $8,750,000
  • Address: 2970 Third Avenue
  • Market: Bronx

Representing the buyers in this transaction was Steve Lorenzo from Lee & Associates NYC. Steve Lorenzo played a key role in facilitating the sale of the property on behalf of 5 Boro Real Estate Partners.

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Deals
  • Location
    2970 3rd Avenue, Bronx, NY 10455, USA2970 3rd Avenue, Bronx, NY 10455, USA
  • Sale Price
    $8,750,000$8,750,000
    $583 PPSF$583 PPSF
  • Area
    15,000 SF15,000 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Steve Lorenzo

Steve Lorenzo

Deals12
Sold$71.1M

Agency

Lee & Associates

Lee & Associates

Agency
Deals974
Volume$10B

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Deal Summary

SALE IMAGE: Steve Lorenzo, Uri Mermelstein, Moshik Regev, Joseph Yushuvayev & Elliot Chehebar DATE: 09/2021 ADDRESS: 2970 Third Avenue MARKET: Bronx ASSET TYPE: Mixed-use BUYER: 5 Boro Real Estate Partners SELLER: The Jackson Group BROKER: Steve Lorenzo (@SteveLorenzo1) - Lee & Associates NYC (@LeeAssociatesNYC) SALE PRICE: $8,750,000 SF: 15,000 ~ PPSF: $583

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2970 Third Avenue

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