Criterion Group Acquires Industrial Building In Bronx For $16M

Criterion Group's 1066 Zerega Avenue Industrial LLC has purchased an industrial building in Unionport, the Bronx, from Zerega Six Star LLC, for $16 million. The property, located at 1066 Zerega Avenue, has a total built space of 30,050 square feet and additional air rights of 127,713 square feet, making the total buildable area 155,748 square feet. The sale price per square foot of the built space is $532.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $16,000,000
• Buyer: Criterion Group - Yung Ching Siu
• Seller: Beth Siegel
• BSF (Built Square Footage): 155,748
• PPBSF (Price per Built Square Foot): $103
• SF (Square Footage): 30,050
• PPSF (Price per Square Foot): $532

In this transaction, the buyer, Criterion Group, was represented by Yung Ching Siu from their team. Beth Siegel acted as the seller in the deal.