Zach of Itzhaki Properties represents buyer and seller of 2727 Henry Hudson Parkway; 60,000 s/f development site located in Riverdale section of the Bronx

Itzhaki Properties has completed the sale of 2727 Henry Hudson Pwy. located in the Riverdale neighborhood. The 60,000 s/f development site sold for $2.875 million in an all-cash transaction. That translates to under $50 per buildable s/f, which represents about a 60% drop in land value since 2007. Shay Zach, managing partner, represented both the buyer and the seller. This property has potential for a patient investor, or for an investor that understands the market value of Riverdale, an area that has a high demand for family condominiums. Founded in 2001, and now with over 17 experienced brokerage specialists, Itzhaki Properties Inc. is a full service real estate company, specializing in the sale of investment and user properties. Itzhaki Properties represents clients from around the world, focusing on investment sales in the bustling New York metropolitan area. Itzhaki Properties works on behalf of clients to ensure optimum, efficient results. A long history of multi-million dollar transactions enables clients to benefit from the vast commercial real estate experience of the seasoned brokers at Itzhaki Properties. Visit their website at: www.itzhakiproperties.com