Peter Fine Of Atlantic Development Group Acquires Dev Site In Bronx For $6.42M

The dev site located at 980-998 Westchester Avenue in New York City's Bronx market has been sold for a total price of $6,420,000. The property spans 11,900 square feet and has a price per square foot of $457.50. The sale was facilitated by seller Sam Antar of Kobet Realty Corp and buyer Peter Fine of Atlantic Development Group. The transaction was represented by broker Michael Feldman of FELDSS and Aaron Eichorn of Meridian.

Summary of transaction details

• Property Type: Dev Site
• Transaction Amount: $6,420,000
• Square Footage: 11,900 sf
• Price per Square Foot: $457.50
• Seller: Sam Antar, Kobet Realty Corp
• Buyer: Peter Fine, Atlantic Development Group
• Broker: Michael Feldman @FELDSS, Aaron Eichorn of Meridian

The buyer, Peter Fine, will be utilizing the Quality Housing bonus, which will yield 103,500 BSF. This bonus is likely to contribute to the development of the property in the future, increasing its value and potential.