Description

ERG Commercial Real Estate is proud to present the recent sale of 2250-2258 Aqueduct Avenue in The University Heights section of The Bronx. The sale consisted of 4 consecutive lots with a total residential buildable of 39,531 SF and an additional 15,628 SF of community facility. The sale price totaled roughly $2,490,000, which is equivalent to $63 per buildable square foot. The transaction involved separate sellers with a number of open and unsettled violations and unpaid taxes. Brokers Anthony Yacovone, Michael Panvini and Matthew Murphy navigated numerous deal obstacles and Covid-19 market uncertainty to facilitate the sale at a premium price.