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

Massey Knakal Sells Williamsbridge Development Assemblage

09/19/2012

A development assemblage consisting of three contiguous lots in the Williamsbridge section of the Bronx has recently sold for a combined $2,480,000.   The three lots total approximately 86,000 residential buildable square feet with over 200 feet of frontage on White Plains Road.

The L-shaped lot at 3677-81 White Plains Road, consists of approximately 33,400 buildable square feet. The site sold in an all-cash transaction valued at $930,000. In a separate transaction, the lots at3673 White Plains Road and 3687 White Plains Road were sold in an all-cash transaction valued at $1,550,000. The two lots total approximately 52,800 buildable square feet

The assemblage offers easy access to the subway, White Plains Road commercial corridor, Gun Hill Road, and the Bronx River Parkway.

A local developer purchased all three parcels and will construct a multifamily apartment building.

Massey Knakal Director of Sales Karl Brumback 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 4,200 transactions having a market value in excess of $15 billion.

www.masseyknakal.com

09/19/2012 - 15:52

Source

Cushman & Wakefield Capital Markets Group New York

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