Atlantis Management Group Acquires Retail/Development Property In Bronx For $4.9M

2360-2370 Jerome Avenue, The Bronx, New York 10468, United States

$4,900,000

$537/SF

Building Size

9,120 SF

Asset Type

Co-Op

Closing

Feb 6, 2022

AI

The property involved in this transaction is located at 2360-2370 Jerome Avenue in the Bronx. It is classified as a Retail/Development property and is part of the Jerome Avenue Rezoning project. The transaction took place on February 7, 2022.

Summary of transaction details:

Property Type: Retail/Development (Jerome Avenue Rezoning)
Transaction Amount: $4,900,000
Address: 2360-2370 Jerome Avenue, Bronx
Market: Bronx
Square Footage: 9,120 SF
Price Per Square Foot: $537
Building Square Footage: 42,000 BSF
Price Per Building Square Foot: $117
Capitalization Rate: 4.39%

The buyer in this transaction was Atlantis Management Group, while the seller was Paul Sohayegh. The deal was facilitated by Jonathan Squires and Josh Neustadter from Cushman & Wakefield.

Players