
GFI Arranges Sale of South Bronx Parcels
GFI Realty Services, LLC arranged the $2.215-million sale of 407-409 E. 158th St. two adjacent parcels in the South Bronx. GFI associates Ohad Babo and Zachary Fuchs represented the seller, Peter Brooke. Kobi Zamir, also of GFI Realty, represented the buyer, Azimuth Development Group.
There are proposed plans in-place for this assemblage that allow for the construction of a twelve-story residential building with community facility totaling 36,000 square feet.
“GFI has been very active in the Bronx, transacting everything from multifamily assets to development sites,” said Babo. “We recently closed on a commercial property on East 149th Street, just ten blocks from the development site. As a team we are in line with investors that there is great value in the Bronx, particularly in the South Bronx marketplace.”
- ◦Sale/Acquisition