Cushman & Wakefield arranges $3.25 million sale of Bronx warehouse

Bronx, NY Cushman & Wakefield arranged the sale of 1476 East 222^nd St., a 17,195 s/f industrial warehouse in the Baychester neighborhood. The final sale price was $3.25 million.

A Cushman & Wakefield team of Jonathan Squires, Addison Berniker, Michael Fioravanti and Josh Neustadter represented the seller in the transaction.

1476 East 222^nd St. is a single-story warehouse located in an Opportunity Zone on the southwest corner of 222^nd St. and Edson Ave. The property boasts 21’ ceilings, four drive-in garages and one loading dock. Additionally, there is a mezzanine level with a separate entrance that provides office space above the warehouse. The property was owner-occupied and delivered vacant.

The property is M1-1 zoned and located near I-95, US-1 and the Hutchinson River Parkway. The 5 train is easily accessible via the Baychester Subway Station, located within walking distance to the property.

“This industrial warehouse is located within an Opportunity Zone and offers quick access to New York City and the Northeast Corridor,” said Berniker.

“Prior to closing in May, the buyer was able to find a logistics tenant, demonstrating the true demand for warehouse space right now,” said Squires.

Tags: Brokerage

Reprint

Previous Story Next Story

Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site

Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.

BKM Capital Partners and Kayne Anderson Real Estate acquire a $1.8 billion portfolio of light industrial assets

BKM and Kayne Anderson acquire a $1.8b portfolio of light industrial assets

The Durst Organization inks 12,456 s/f lease

Marcus & Millichap arranges sale of skilled nursing facility in Hoosick Falls

M&M arranges sale of skilled nursing facility in Hoosick Falls

Pangram Labs signs 6,000 s/f lease at 25 Flatbush Ave.

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Movers & Milestones

Avison Young joins Dealpath Connect, expanding the industry’s largest private exchange for institutional real estate listings

Columns and Thought Leadership

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent