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.”
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).
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