Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

Massey Knakal Retained Exclusively To Sell Retail Building In University Heights

02/26/2013

Massey Knakal Realty Services has been retained on an exclusive basis to sell a retail building at 1697-1705 Jerome Avenue. The property is located between East 175th Street and Clifford Place in the University Heights section of the West Bronx. The asking price is $1,500,000.

The two-story building contains six units combining for approximately 10,500 square feet on a 75’ x 100’ lot. The ground floor portion is fully occupied by Prestige Auto, Jobri Cafeteria and Neys Auto.  Half of the second floor space is occupied by Jerome’s Name Brand Outlet, with the balance of the floor currently vacant.  All tenants are directly responsible for individual electric service.

This property represents a strong return from an investment standpoint as well as potential for an owner/user to occupy a portion of the building while gaining additional income.  It benefits from its prime location along Jerome Avenue and between two 4 train subway stops at Mt. Eden Avenue and East 176th Street.

For more information on this listing, contact Massey Knakal First Vice President of Sales David Simone or Director of Sales Nicholas Burns at 212.696.2500.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,500 transactions having a market value in excess of $17 billion.

www.masseyknakal.com

02/26/2013 - 14:56

Source

Cushman & Wakefield Capital Markets Group New York

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