2519-2525 Creston Avenue, Bronx, NY

December, 2017- Bryan Houlihan and James J. Houlihan of Houlihan-Parnes Realtors, LLC, are pleased to announce the sale of the surface parking lot located at 2519-2525 Creston Avenue, Bronx NY facing St. James Park just north of Fordham Road. The property was purchased by Radson Development who plans to develop a 12 story Affordable Housing project. As part of the transaction, Radson Development will return to the Seller a condominium interest in a commercial parking garage at the property. The lot on Creston Avenue had been purchased by the Seller in the early 2000’s as part of their acquisition of 2501 Grand Concourse, the former Alexander’s and Caldor Department stores. The building was successfully converted to a multi-tenanted retail and office building and the Creston lot has become an invaluable asset to the tenants of the building.