Ariel Property Advisors Acquires Industrial Property On Inwood Avenue In Mount Eden, Bronx For $5.2M

The industrial property located at 1419 Inwood Avenue in Mount Eden, Bronx has been sold for $5,200,000. The property spans 27,000 square feet, resulting in a price per square foot of $193.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $5,200,000
• Address: 1419 Inwood Avenue, Mount Eden, Bronx
• Market: Mount Eden, Bronx
• Brokers: Jason M. Gold & Daniel Mahfar - Ariel Property Advisors

The deal was facilitated by Jason M. Gold and Daniel Mahfar from Ariel Property Advisors. They represented the parties involved in this transaction. The property is located in Mount Eden, Bronx, which is known for its industrial sector. This sale provides an opportunity for the new owner to capitalize on the growing potential of this area.

Ariel Property Advisors also shared additional listings in the Bronx market, including a 90,000-square-foot vacant industrial/self-storage building. There are several thousand multifamily units available, ranging from fully rent-stabilized to affordable housing and new construction assets. The market also offers opportunities for cash-over-mortgage investments, vacant buildings, and 100% free market apartments. Additionally, there are vacant buildings suitable for religious, school, or daycare use, ranging in size from 12,000 to 15,000 square feet. For developers, there are over 10 available development sites with buildable square footage ranging from 40,000 to 200,000.