KZA Realty Group, Inc. Closes Sale of Classic 11-Story Commercial Building on the Grand Concourse.
Kathy Zamechansky, president of KZA Realty Group, Inc., recently brokered a deal to sell an 11-story commercial building at 2021 Grand Concourse for $7.25 million. Built in 1927, the structure includes 59,292 square feet of space and a pharmacy on the ground floor.
Zamechansky represented the seller, Bronx-based Gara Realty Company, and the buyer, Jeffrey Chera at Chera Realty Group in Brooklyn. The sale reflects the vitality that is taking place borough-wide and along the famous, newly renovated Grand Concourse.
“There is a lot of energy taking place along the Concourse and throughout the borough and the new owners are going to bring exciting new services to the building,” said Zamechansky. “The changes taking place on the Concourse – and throughout the Bronx – benefit everyone and we will continue to work with the new owners as they move forward with their plans for the building.”
Modeled after the Champs Elysees Paris, the grand thoroughfare in Paris, the Grand Concourse is lined with many distinctive Art Deco buildings and runs for four miles from the civic heart of the Bronx near Yankee Stadium to Mosholu Parkway.
Buyer Jeffrey Chera is bullish on the Bronx and enjoyed working with KZA Realty. “The Bronx has a rich, family-oriented history and we plan to keep it that way,” he said. “Kathy is the best. She is honest, straight to the point and she’s a dealmaker.”
A longtime home to medical facilities that provide vital services to the Mount Hope community, 2021 Grand Concourse will be renovated and will continue to serve the neighborhood’s health needs.
“It was a pleasure working with KZA Realty – they’re knowledgeable professionals who really know the Bronx,” said seller Michael Rosenblum. “There is a lot of activity in the Bronx right now, as new construction transforms neighborhoods and helps make buildings like this more valuable.”
About KZA Realty Group
KZA Realty Group is a full service commercial brokerage and consulting company providing real estate solutions for landlord, property owners, developers and retailers throughout the greater New York area.
Through constant marketing analysis, current trend awareness and in-depth communication with our clients, our management team has successfully completed numerous sale and lease transactions resulting in millions of dollars in sales, savings and profits for our clients. Our services also include commercial planning, project management and community and government relations.
We assist in all stages of planning and development, from the Groundbreaking Ceremony to the Ribbon Cutting to leasing the spaces.
Our office is located in the Hutch Metro Center in the Bronx and provides clients with convenient access to our services.
- Leasing Strategy Use analysis of site, competition and demographics to determine demand gap, target specific retailers that can capitalize on identified demand gap and generate marketing plans including online marketing campaigns;
- Marketing Create and disseminate marketing materials and canvas for potential tenants;
- Tenant Qualification and Representation Screen potential tenants and prepare credit analysis to ensure we meet both the tenant and landlord’s goals;
- Comparative Lease Analysis Provide quantitative assessment of potential lease deals.
KZA Realty Group
1200 Waters Place
Bronx, NY 10461
Tel.: . 718-829-5775