The Reel

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A blog for breaking sales and neighborhood real estate news.

A four-story office building and two adjacent lots at 910 East 172nd Street, located on the southwest corner of East 172nd Street and Southern Boulevard in the Bronx, was sold in an all cash transaction valued at $5,550,000.

The office building, located at 910 East 172nd Street, sits on a 150’ x 100’ lot. The building is approximately 40,000 square feet. Currently, two of the floors are occupied by the city and the third floor is occupied by a city funded tenant. It is zoned C2-4/R7-1 with a max allowed FAR of 3.44. Combined, the two adjacent lots at 1517 A/B Southern Boulevard contain 28,500 buildable square feet. The sale price represented $138.75 per square foot.