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O-Zone Site in Shadow of Yankee Stadium Fetches Buyer
Cushman & Wakefield arranged the sale of 1000 Woodycrest Ave., a 17,200-square-foot development site three blocks from Yankee Stadium in the Bronx. The final closing price was $1.125 million, or approximately $65 per square foot.
A Cushman & Wakefield team of Jonathan Squires, Robert Shapiro, Josh Neustadter, Michael Fioravanti, Addison Berniker and Shayne Soltan represented the seller.
“This development site experienced high demand due to a multitude of factors, including its location within an Opportunity Zone and its prime proximity to Yankee Stadium,” said Neustadter.
1000 Woodycrest is a corner 50’ by 100’ residential development site. The property is located on the northeast corner of Woodycrest Avenue and West 164th Street in the up-and-coming Highbridge neighborhood of the Bronx. This area has experienced a wave of recent growth and revitalization, with key development projects such as Harlem River Yards, 2401 Third Ave. and 445 Gerard Ave.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
- ◦Sale/Acquisition