Marc Pogostin Acquires Industrial Property On Blondell Avenue In Westchester Village, Bronx For $3.8M

An industrial property located at 1481 Blondell Avenue in Westchester Village, Bronx has been sold for a price of $3,800,000. The property spans 14,580 square feet, resulting in a price per square foot of $261. The transaction took place on June 18, 2021.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $3,800,000
• Address: 1481 Blondell Avenue, Westchester Village, Bronx
• Square Footage: 14,580
• Price per Square Foot: $261
• Market: Westchester Village, Bronx

The buyer of the property was Marc Pogostin, while the seller was BYD Automotive, a company backed by Warren Buffett's Berkshire Hathaway. The seller's representatives in the transaction were Jonathan Squires and Josh Neustadter from CushWake. It is worth noting that BYD Automotive is an electric car maker that produces various types of vehicles, including electric cars, buses, trucks, electric bicycles, forklifts, and rechargeable batteries.