Bronx, NY Kathy Zamechansky, president of KZA Realty Group, Inc., has brokered a deal to sell an 11-story commercial building at 2021 Grand Concourse for $7.25 million. Built in 1927, the structure includes 59,292 s/f and a pharmacy on the ground floor.
Zamechansky represented the seller, Gara Realty Co., and the buyer, Jeffrey Chera at Chera Realty Group in Brooklyn. The sale reflects the vitality that is taking place borough-wide and along the famous, newly renovated Grand Concourse.
“There is a lot of energy taking place along the Concourse and throughout the borough and the new owners are going to bring exciting new services to the building,” said Zamechansky. “The changes taking place on the Concourse – and throughout the Bronx –benefit everyone and we will continue to work with the new owners as they move forward with their plans for the building.”
Modeled after the Champs-Elysees, the grand thoroughfare in Paris, the Grand Concourse is lined with many distinctive Art Deco buildings and runs for four miles from the civic heart of the Bronx near Yankee Stadium to Mosholu Pwy.
Buyer Jeffrey Chera is bullish on the borough and enjoyed working with KZA Realty. “The Bronx has a rich, family-oriented history and we plan to keep it that way,” he said. “Kathy is the best. She is honest, straight to the point and she’s a dealmaker.”
A longtime home to medical facilities that provide vital services to the Mount Hope community, 2021 Grand Concourse will be renovated and will continue to serve the neighborhood’s health needs.
“It was a pleasure working with KZA Realty – they’re knowledgeable professionals who really know the Bronx,” said seller Michael Rosenblum. “There is a lot of activity in the Bronx right now, as new construction transforms neighborhoods and helps make buildings like this more valuable.”