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The Stagg Group Acquires Development Site In Riverdale For $7.9M

5278 Post Road
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This Development Site property located in NY was sold for $7,900,000 over 3 years ago. The brokers of the deal were Jonathan Squires and Addison Berniker

The development site located at 5278 Post Road in Riverdale has been sold in a closed transaction. The property had an asking price of $8,500,000 and was eventually sold for $7,900,000. With a total buildable square footage of 69,391, the price per buildable square foot is $115.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $7,900,000
  • Address: 5278 Post Road, Riverdale
  • Market: Riverdale
  • Asking Price: $8,500,000
  • Buildable Square Footage (BSF): 69,391
  • Price per Buildable Square Foot (PPBSF): $115

The seller of the property was the Varkaris Family, while the buyer was The Stagg Group represented by Mark Stagg. The transaction was facilitated by Addison Berniker and Jonathan Squires of Cushman & Wakefield.

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Deals
  • Location
    5278 Post Rd, The Bronx, NY 10471, USA5278 Post Rd, The Bronx, NY 10471, USA
  • Sale Price
    $7,900,000$7,900,000
    $113 PPSF$113 PPSF
  • Area
    69,391 SF69,391 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Jonathan Squires

Jonathan Squires

Deals54
Sold$488.8M

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4188
Volume$167B

Deal Summary

IMAGE: @AddisonBerniker & Jonathan Squires DATE: 07/01/2020 ADDRESS: 5278 Post Road MARKET: Riverdale ASSET TYPE: Development Site ASKING PRICE: $8,500,000 SALE PRICE: $7,900,000 BSF: 69,391 PPBSF: $115 SELLER: The Varkaris Family BUYER: The Stagg Group – Mark Stagg BROKERS: Addison Berniker, Jonathan Squires – Cushman & Wakefield

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5278 Post Road

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