Oliver Street Capital Purchases Industrial Asset At 1261 Zerega Avenue Bronx For $7.2M

The asset involved in this transaction is an industrial property located at 1261 Zerega Avenue in the Bronx. The property encompasses a total area of 28,475 square feet and was sold for $7,200,000, which translates to a price per square foot of $252.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $7,200,000
• Address: 1261 Zerega Avenue
• Market: Bronx
• Square Footage: 28,475
• Price per Square Foot: $252
• Buyer: Oliver Street Capital - Jonathan Hyde, Jonathan O’Donnell & Mitch Arthur
• Brokers: Daniel O'Brien, Danny Jones, Mike Kavanagh, Caroline Hodes & David Behin - Newmark

This transaction involved key individuals including Jonathan Hyde, Jonathan O’Donnell, and Mitch Arthur representing the buyer, Oliver Street Capital. The brokers facilitating the transaction were Daniel O'Brien, Danny Jones, Mike Kavanagh, Caroline Hodes, and David Behin, associated with Newmark, collectively managing the details of the property sale.