New York Real Estate Journal

Simone of Concourse Realty sells four Bronx properties for $33.775 million

March 28, 2023 - Brokerage
1342 Inwood Avenue - Bronx, NY

 

1288 Southern Boulevard - Bronx, NY

 

Bronx, NY Concourse Realty’s broker and owner, David Simone arranged the sale of four properties in three separate transactions.

1. 1351 Jerome Ave., and 1342 Inwood Ave., sold for $20 million on March 1, 2023

1351 Jerome Avenue - Bronx, NY

• 1342 Inwood Ave. is a 56,000 s/f warehouse zoned R8A and allows for 158,624 s/f of residential space or 143,202 s/f of community facility space.

• 1351 Jerome Ave., zoned R8A/C2-4 is 14,800 s/f and allows for 106,759 s/f of residential space as well as retail, commercial and community facility space.

2. 21 East Clarke Place sold for $12.4 million on January 25, 2023. A 21,500 s/f warehouse, zoned R8A and allows for the construction of 155,000 s/f of residential space or 140,000 s/f of community facility space. The buyer was represented by Nathan Horne of Compass.

3. 1288 Southern Blvd. sold for $1.375 million on January 26, 2023. The 4,900 s/f development site is zoned R7-1/C2-4 allowing for 20,000 s/f of residential development as well as retail development.

Simone was the broker on these transactions.