Simone of Yellow Brick Realty brokers $1.05 million sale of a residential development site in the Bronx

David Simone, principal of Yellow Brick Realty Corp., has closed on 462-478 E 144th St., a residential development site in the Melrose section. The property sold for $1.05 million, $26 per buildable foot. The development site was purchased by a local non-profit organization. "The Melrose section of the Bronx has seen a dramatic increase in new residential units, and this sale is further evidence of growth in the area," said David Simone, principal of Yellow Brick Realty. Yellow Brick Realty Corp. is an investment property sales firm focusing on the Bronx and Upper Manhattan markets. Yellow Brick Realty is located at 4419 3rd Avenue in the Bronx, and can be reached at 718-733-1500 or www.yellowbrickrealtycorp.com