Developer Expands Bronx Portfolio with Bedford Park Site
GFI Realty Services arranged the $3.8-million sale of 171-173 E. 205th St., a 7,690-square-foot development site in the Bedford Park section of the Bronx. GFI associate Zachary Fuchs represented the seller, Zef Dedaj, and the buyer, SKF Development.
Permits have been filed to construct a 64-unit eight-story residential building totaling 44,019 square-feet. This is the first trade of this asset in nearly 30 years; the parcel was last sold in 1995.
“The site is ideally situated in proximity to numerous amenities and institutions and the developer, which already has a significant footprint in the Bronx, saw this as a great addition to its portfolio,” said Fuchs.
The parcels are in proximity to Fordham University, the New York Botanical Gardens, Montefiore Hospital, and the B-D subway lines.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).