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A blog for breaking sales and neighborhood real estate news.

A development site at 3961 Carpenter Avenue, located on the west side of Carpenter Avenue at 224th Street in the Willimasbridge neighborhood of the North Bronx, was sold in an all cash transaction valued at $1,085,000.

The site consists of two lots, one lot is vacant land, the other, a former convent. Combined, the site is approximately 38,525 buildable square feet with 112 feet of frontage on Carpenter Avenue and a lot depth of 100 feet. The site is ideally located within close proximity to OLM Hospital, several schools, and the 2/5 subway station at 225th Street. The sale price equates to $28 per buildable square foot.

“The property was sold to a local developer who will likely build a small multifamily building,” said Karl Brumback who exclusively handled this transaction with Chairman and Founding Partner Robert A. Knakal.

Click here for press release

Neighborhoods: Williamsbridge/ Agents: Karl Brumback