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NEW YORK CITY- Bolivar Development has acquired 3041 Webster Ave. in the Bronx, an 85,000-buildable-square-foot development opportunity, from Sam's Carpet for $6.4 million. Jones Lang LaSalle arranged the transaction.
"This was an incredible opportunity for Bolivar Development to acquire a significant development opportunity in the vibrant Bronx neighborhood of Norwood," JLL's Managing Director Karl Brumback said in a prepared statement. "3041 Webster Ave. is the ideal location for a mixed-use project with excellent public transportation options and easy access to some of New York's most beautiful green spaces."
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
