Burns of Massey Knakal brokers $1.205 million sale of Bronx industrial building

An industrial building at 941-953 Longfellow Ave., located on the northwest corner of Garrison and Longfellow Aves. in the Hunts Point neighborhood, was sold in an all-cash transaction valued at $1.205 million. The property is currently separated into two units. One unit is 100' x 100' for a total of 10,000 s/f. The second unit, fronting Longfellow Ave., is 8,331 s/f (inclusive of 500 s/f of office space). The property features 13'+ ceilings throughout, three large roll down garage doors (two are motorized), two personnel doors, one indoor/outdoor loading dock, and a dry sprinkler system. The garage doors measure 20' x 15'. The building may easily be used as one unit as the two sections are separated by large interior fire doors. The sale price equates to $68 per s/f. The Hunts Point peninsula is bounded by the Bruckner Expressway and the CSZ/Amtrak rail corridor. The Expressway connects Hunts Point to Interstate-95, and the ports of New York and New Jersey. Furthermore, Hunts Point is located just 15 minutes from Manhattan and 30 minutes to the boroughs, Westchester, New Jersey and Connecticut. "The property was delivered vacant and in fair condition. It was purchased by an end-user as the distribution hub for their merchandising business," said Massey Knakal director of sales Nick Burns, who exclusively handled this transaction.