Starwood Capital & AB Capstone Acquire Development Site In Bronx For $51M

425 Westchester Avenue, a development site in the Bronx, has been involved in a closed transaction. The property is owned by Starwood Capital and AB Capstone, with Barry Sternlicht, Dustin Stolly, Nick Scribani, Jordan Roeschlaub, Chris Kramer, and Meir Babaev as key people involved in the deal. The property was financed by a loan amount of $51,000,000 from Centennial Bank. The brokers representing the deal were Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, and Drew Ahlers from Newmark Knight Frank.

Summary of transaction details:

• Property Type: Development site
• Transaction Amount: $51,000,000
• Address: 425 Westchester Avenue
• Market: Bronx

Barry Sternlicht, Dustin Stolly, Nick Scribani, Jordan Roeschlaub, Chris Kramer, and Meir Babaev were key individuals involved in the deal. In addition, Starwood Capital and AB Capstone served as the property's landlords, while Centennial Bank provided the loan for the transaction. The brokers representing the deal were Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, and Drew Ahlers from Newmark Knight Frank.