Brookfield Properties Acquires Commercial Property In Eastchester, Bronx For $48.2M

A commercial property located at 2325 Hollers Avenue in Eastchester, Bronx has been sold for $48,200,000. The property is zoned as M2-1, making it suitable for commercial use. It spans 70,000 square feet, with a price per square foot of $688. The total square footage of the property is 100,450 square feet, at a price per square foot of $479.84.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $48,200,000
• Address: 2325 Hollers Avenue, Eastchester, Bronx
• Market: Eastchester, Bronx
• Zoning: M2-1

The buyer of the property is Brookfield Properties, represented by Jared Chupaila. On the other hand, Cayre Equities, led by Jack Cayre, is the seller. The property has a floor-area ratio (FAR) of 2.87 and a tax class of 4.

The lot size of the property is 35,000 square feet, with dimensions of 150 ft x 300 ft. The previous sale price of the property was $1,100,000 on October 9, 2015. The property also obtained an alteration permit on November 20, 2017.