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Simone Development Companies Acquires Industrial Property In Pelham Bay, Bronx For $44.9M

1720 Eastchester Road

Industrial
62,660 SF
clock iconSold 285 days ago
Austin Weiner
Joshua (Josh) Neustadter
Joshua (Josh) King
+ 2
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Summary

Sale
NEW YORK
Industrial
62,660 sqft

The property involved in this transaction is located at 1720 Eastchester Road in Pelham Bay, Bronx. It is an industrial asset with a total square footage of 62,660. The sale price for this property was $44,873,817, resulting in a price per square foot of $716.

Summary of transaction details

Cushman & Wakefield represented Madison International Realty in the sale of the leasehold position of 1720 Eastchester Road. They have also been retained as the exclusive leasing agent for the property. The property is planned to be repositioned as a state-of-the-art distribution and logistics center, with a total area of approximately 190,000 square feet. This includes 63,000 square feet of building space, 65,000 square feet of land, and 59,000 square feet of rooftop parking.

Players

  • All

    6

  • Agents

    4

  • Agencies

    2

Austin Weiner's profile picture
Austin Weiner
Cushman & Wakefield-image
Associate
$89.5M Sold
Jonathan Squires's profile picture

Details

Deal Summary
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SOLD
IMAGE: Austin Weiner, Ehud Kupperman, Joe Simone, Joshua Neustadter, Jonathan Squires & Joshua King DATE: 10/02/2023 ADDRESS: 1720 Eastchester Road MARKET: Pelham Bay, Bronx ASSET TYPE: Industrial BUYER: Simone Development Companies - Joe Simone SELLER: Madison International Realty - Ehud Kupperman BROKERS: Jonathan Squires, Joshua Neustadter (@Josh_Neust) & Austin Weiner (@AustinWeiner) - Cushman & Wakefield (@CushWake);& Joshua King - Newmark (@Newmark) SALE PRICE: $44,873,817 SF: 62,660 ~ PPSF: $716 NOTE FROM BROKER: Cushman & Wakefield represented Madison International Realty in the sale of the leasehold position of 1720 Eastchester Road. Cushman & Wakefield has also been retained as the exclusive leasing agent for the property. The property is being repositioned as a state-of-the-art distribution and logistics center which will total approximately 190,000 SF, including 63,000 SF of building, 65,000 SF of land, and 59,000 SF of rooftop parking.

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Address1720 Eastchester Road

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