Amit Kapoor Acquires Bronx Hotel For $5.5M With Brokers Jonathan Squires, Josh Neustadter & Austin Weiner (Cushman & Wakefield)

The Bronx hotel located at 1440 E. 222nd St. has been sold in a recent transaction. The property, covering a total area of 11,104 square feet, was purchased by Amit Kapoor from the seller, John Palladino. The sale was facilitated by the NY Investment Sales Team of Cushman & Wakefield, represented by brokers Jonathan Squires, Josh Neustadter, and Austin Weiner. The transaction took place on September 23, 2022, with a sale price of $5,500,000. With a price per square foot of $495, the hotel presents an attractive investment opportunity in the Bronx market.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $5,500,000
• Address: 1440 E. 222nd St.
• Market: Bronx

Amit Kapoor emerged as the buyer of the Bronx hotel. On the seller's side was John Palladino. The deal was successfully arranged by the NY Investment Sales Team at Cushman & Wakefield, consisting of brokers Jonathan Squires, Josh Neustadter, and Austin Weiner. With this acquisition, Kapoor has added a valuable asset to their portfolio, while Palladino has completed a profitable sale in the Bronx hotel market.