Vilson Lumaj Plans Two 99-Unit Buildings in the Bronx After $14M Deal

AI Summary

Vilson Lumaj purchased a vacant Bronx property for $14 million to build two 99-unit residential buildings, including acquiring significant air rights. This adds to ongoing residential development activities in the Bronx.

Housing developer Vilson Lumaj has purchased a vacant property in the Bronx to build two 99-unit residential buildings, Commercial Observer has learned. The property at 761-769 East Tremont Avenue was sold for $10 million by real estate developer Yoram Eliyahu. The buyer also acquired 60,000 square feet of air rights above the property for $3.5 […]