KZA Realty Group has secured the $1.8 million dollar sale of a developmental property located in the Morrisania section of the Bronx. The property, which has been purchased as an investment opportunity by the owner, is located at 1155-1159 Southern Boulevard, between Home Street and & 167th. Plans for the property have not been disclosed of as of yet.
Kathy Zamechansky, alongside Duley Paniagua of KZA Realty Group, represented both the seller, Texas Southern, LLC, and the buyer, 1150 Southern Blvd. Partners during the sale of the developmental property in the Bronx.
The lot spans across 7,500 sq ft. and currently holds two multi-level buildings that are, respectively, 9,500 sq. ft and 4,750 sq. ft. in size. The buildings face the eastern side of Southern Boulevard, which is home to other small businesses in the area. The property is within walking distance to the #2 and #5 subway station at Freeman Avenue and the #6 subway station at Whitlock Avenue.
“As a company who is committed to the development of the Bronx, we are thrilled to help support ventures that breathe new life into our community” said Kathy Zamechansky, President of KZA Realty Group. “The sale of this property shows that real estate in the Bronx is still thriving despite many of the financial hardships brought on by the pandemic.”
Located in the southwestern section of the Bronx, Morrisania is a residential neighborhood known for its unique history and diversity. The area is home to an abundance of cultural organizations, public institutions, like the New York Public Library’s Morrisania Branch at E 169th Street, and community programs dedicated to the neighborhood’s lively music scene.
KZA Realty Group (www.kzarealty.com) is a commercial real estate brokerage and development consulting firm based in New York City. Founded in 1998 by real estate professional Kathy Zamechansky, KZA specializes in commercial planning, project management, community and government relations, finance, marketing, and communications. She may be contacted directly via cell at (347) 386-9452.
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