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

North Bronx Commercial Building Sold By Massey Knakal

05/10/2012

A commercial building at 4380 Bronx Boulevard, located just off the 233rd Street Bronx River Parkway exit in the North Bronx, was sold in an all cash transaction valued at $1,852,750.

The two-story property is approximately 21,250 square feet and sits on a 125’ x 85’ lot.  The property featured 20 foot ceilings, a ramp to the second floor, central air and curb cuts. The sale price equates to approximately $87 per square foot.

“The property was purchased by ‘Project Renewal,’ a non-profit organization who provides supportive housing for the homeless,” said Massey Knakal Director of Sales Karl Brumback who exclusively handled this transaction. “The factory, which once produced WWII bomber sights, and most recently precision Teflon products, will be converted into a housing facility,” added Brumback.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,200 transactions having a market value in excess of $15 billion.

www.masseyknakal.com

05/10/2012 - 14:19

Source

Cushman & Wakefield Capital Markets Group New York

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