Goldman Sachs Acquires Industrial Property In Hunts Point, Bronx For $38.5M

Located at 1080 Leggett Ave in the Hunts Point neighborhood of Bronx, this industrial property was recently sold in a closed transaction. The deal was finalized on May 15, 2019, with a sale price of $38,500,000. The property spans a total of 228,000 square feet, resulting in a price per square foot of $168.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $38,500,000
• Address: 1080 Leggett Ave, Hunts Point, Bronx
• Market: Hunts Point, Bronx

The seller of the property was David Smetana, while the buyer consisted of Goldman Sachs and Blumenfeld Dev. Corp. Representing the transaction were David Junik, Ariel Castellanos, and Fredric Stein from Pinnacle Realty.

This successful industrial transaction in the Hunts Point market showcases the active investment activity in the area. With the involvement of prominent organizations like Goldman Sachs, the deal further enhances the market's growth and attractiveness for potential investors.