Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Sells Development Site In North Riverdale

08/22/2013

A development site at 6469 Broadway, located just south of Mosholu Avenue and across from Van Courtlandt Park in the North Riverdale neighborhood of the Bronx, was sold in an all-cash transaction valued at $1,400,000.

The site contains approximately 17,525 square feet on a 175’ x 100’ lot, with 175 feet of park frontage.  It contains approximately 52,575 buildable square feet, and the sale price equates to approximately $27 per buildable square foot.

“This is a terrific park-front development site which offered the ability for a clever developer to remediate the site, utilize Brownfield credits, and construct a residential building which will have unobstructed park views in one of the best Bronx submarkets.  This was a testament to the perseverance of the buyer and desirability of a Riverdale location,” said Karl Brumback, who exclusively handled this transaction.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

08/22/2013 - 10:48

Source

Cushman & Wakefield Capital Markets Group New York

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