The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

Featured Closing: Two Bronx Development Sites

7/16/2009 9:39:09 AM/ Massey Knakal/ Closings

Massey Knakal Realty Services has completed two transactions in the Bronx totaling over $1,300,000.

A residential development site at 1117 Intervale Avenue sold in an all cash transaction valued at $850,000. The property is a 9,256 square foot site located on Intervale Avenue between East 167th Street and East 169th Street. The site is zoned R7-1. The property allows for the construction of 31,841 square feet of residential space. The property is currently a parking lot, rented on a month to month basis for $1,350 per month.

A commercial building at 1345-47 Cromwell Avenue sold in an all cash transaction valued at $462,500. This one-story 10,894 square foot building is currently zoned M1-2 with an F.A.R. of 2.0.  It is located near Yankee Stadium on the west side of Cromwell Avenue between West 169th Street and West 170th Street

Neighborhoods: Morrisania