Brix Real Estate Advisors handles $2.3 million sale of Bronx land, air rights

Bronx, NY Brix Real Estate Advisors, a commercial real estate brokerage firm based in White Plains, handled the $2.3 million sale of a vacant land site that included air rights of an adjoining Opportunity Zone property in the Little Italy neighborhood.

Matthew Barbaccia of Brix represented the seller John Colangelo and buyer Aaron Yakobian in the deal at 2330 Cambreleng Ave., the 25,800 buildable s/f land site which sold for $2.15 million.

In addition, the sale included 4,134 s/f of air rights of the adjoining property at 2335 Beaumont Ave. that sold for $145,000 bringing the total sale to 29,934 buildable s/f or $76.67 per buildable s/f.

According to Barbaccia, the developer was attracted to the site due to its proximity to Arthur Ave. and Fordham University.

The buyer purchased the property through an Opportunity Zone fund.

Tags: Brokerage

Reprint

Previous Story Next Story

GFP Real Estate signs 11,078 s/f of leasing activity at 630 Ninth Ave.

Manhattan, NY GFP Real Estate closed three office leasing transactions totaling 11,078 s/f at 630 Ninth Ave. in Midtown, including a new lease with Irish Arts Center and extensions by existing

Raffa of Island Associates Real Estate leases 1,700 s/f to Tzanis Mental Health Group at 417 East Main St.

Island Assocs. leases 1,700 s/f to Tzanis Mental Health Grp.

Investment Property Realty Group represents The Vaja Group in $26.4 million acquisition of fully entitled Astoria development site

IPRG reps. The Vaja Group in $26.4m acquisition of fully entitled Astoria development site

Lee & Associates NYC arranges 14,000 s/f Midtown office lease for Julie Vos

Lee & Associates NYC arranges 14,000 s/f office lease for Julie Vos

Aaron of Horvath & Tremblay sells 10-unit mixed-use building at 168 Suffolk St.

Aaron of Horvath & Tremblay sells 168 Suffolk St.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Construction Design & Engineering

Forte Construction completes replacement of four elevators at Roosevelt Ave. & 74th Station

Columns and Thought Leadership

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.