News:
Brokerage
Posted: June 2, 2020
Cushman & Wakefield arranges $4.75 million sale of development site–Shapiro, Squires and Berniker act for seller
Bronx, NY Cushman & Wakefield arranged the sale of 6375 Broadway, a 55,142 buildable s/f development site in the Riverdale neighborhood. The sale price was $4.75 million.
A Cushman & Wakefield team of Robert Shapiro, Jonathan Squires and Addison Berniker represented the seller in the transaction. Local developer Stagg Group purchased the site and plans to build 77 new units.
“It was a pleasure working with a creative and sophisticated seller who provided a developable lot from what was once just a yard,” said Shapiro.
“This site is ideal for an experienced developer like Stagg Group and it’s clear they saw the long-term potential of such a rare opportunity to build on Broadway in Riverdale,” said Squires.
The site was recently divided from the Riverdale Home for Adults. Located on the Broadway Corridor, the site boasts easy access to a multitude of amenities and is across the street from Van Cortlandt Park. 6375 Broadway also offers direct access to the Henry Hudson Parkway and multiple bus lines canvass the area.
Tags:
Brokerage
MORE FROM Brokerage
Ones To Watch: Innovators In Commercial Real Estate: Lisa Nickerson, Infinityy
What I’m most proud of is the human impact of what we’re building. Technology should do more than improve efficiency — it should make
Quick Hits
 (2).gif)
Columns and Thought Leadership
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
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
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.
.gif)