Ariel Property Advisors Brokers Sale Of Industrial Property On Cromwell Avenue In Mount Eden For $4.5M

The subject property at 1414 Cromwell Avenue in the Mount Eden market has been sold for a price of $4,525,000. This industrial asset spans a total area of 26,787 square feet, resulting in a price per square foot of $169.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $4,525,000
• Square Footage: 26,787
• Price per Square Foot: $169
• Address: 1414 Cromwell Avenue
• Market: Mount Eden

The sale of this property was brokered by Jason M. Gold and Daniel Mahfar of Ariel Property Advisors. It is worth noting that this is the second time they have facilitated the sale of this particular property within the past two years. Ariel Property Advisors is actively marketing several opportunities in the Bronx, including a 90,000-square-foot vacant industrial/self-storage building, multifamily units of various types (fully rent stabilized, affordable housing, new construction assets, vacant buildings, and 100% free market apartments), community facility assets (vacant buildings suitable for religious/community/daycare use measuring 12,000 square feet and 20,000 square feet), and development sites ranging from 40,000 to 300,000 buildable square feet.