Ustoyev and Akilov of Asset Commercial Realty Group sell Bronx development site for $1.1 million

Bronx, NY Asset Commercial Realty Group (AssetCRG) completed the sale of 1306-1310 Findlay Ave., a development site in the Mount Eden neighborhood.

The property is a perfect development opportunity, consisting of 20,640 s/f of development rights, with a 60 ft. of frontage. The site sold for $ 1.1 million.

Yuriy Ustoyev and Mark Akilov, Esq. represented the buyer and seller in the transaction.

According to Ustoyev, senior executive director at AssetCRG, “With the increase in development in the Bronx, the buyer was able to see the potential and capitalize on the opportunity.”

AssetCRG has completed multiple deals with landlords throughout New York and continues to bring value add and development opportunities to landlords alike.

Asset Commercial Realty Group LLC is a Queens-based boutique real estate brokerage company focusing on delivering value to its clients. AssetCRG’s team currently manages over 2 million s/f of retail assets and the team has closed on an aggregate value of over $150 million worth of deals thus far in 2018. AssetCRG’s leasing team is currently representing over 500,000 s/f of retail and office space in the metro New York area.

Tags: Brokerage

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Reynolds, Davila and Loch of Investment Property Realty Group close $3.735 million sale of 216, 218, 220 East 179th St.

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