David Templer Acquires Industrial Site In Soundview Bronx From Express Builders For $60M

The industrial asset located at 1580 Story Avenue in the Soundview market of the Bronx has a sale price of $60,000,000. The property spans approximately 1,369,694 square feet, resulting in a price per square foot of $44.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $60,000,000
• Buyer: David Templer
• Seller: Joel Braver - Express Builders
• Lender: Valley National Bank
• Building Square Footage: 1,369,694
• Price per Building Square Foot: $44

David Templer’s Soundview Empire LLC is planning a 562-unit development following the acquisition of the industrial site, purchased from Express Builders, represented in the deal by Joel Braver.