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Riverdale Site Will Become Apartments

Cushman & Wakefield arranged the sale of 6375 Broadway, a 55,142-buildable-square-foot development site in the Riverdale neighborhood of the Bronx. The final price was $4,750,000.

A Cushman & Wakefield team of Robert Shapiro, Jonathan Squires and Addison Berniker represented the seller in the transaction. Longtime Bronx developer Stagg Group purchased the site and plans to build 77 apartments.

“It was a pleasure working with a creative and sophisticated seller who provided a developable lot from what was once just a yard,” said Shapiro.

“This site is ideal for an experienced developer like Stagg Group, and it’s clear they saw the long-term potential of such a rare opportunity to build on Broadway in Riverdale,” added Squires.

The site was recently divided from the Riverdale Home for Adults. Located on the Broadway Corridor, the site offers convenient access to a multitude of amenities and is across the street from Van Cortlandt Park.

Image credit: Richard Bienenfeld Architects.

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About Paul Bubny

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 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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