Mega Construction Purchases Industrial Asset From Montefiore For $10.6M In Bronx

The property asset involved in this transaction is an industrial facility located at 1776 Hoe Avenue in the Bronx. The sale was finalized for a total of $10,600,000, encompassing a spacious area of 58,962 square feet, resulting in a price per square foot of $179.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,600,000
• Address: 1776 Hoe Avenue
• Market: Bronx
• Square Footage: 58,962
• Price per Square Foot: $179
• Buyer: Mega Construction
• Seller: Montefiore
• Brokers: Mark Weiss, Jonathan Squires, Josh Neustadter & Austin Weiner - Cushman & Wakefield

The key individuals involved in this transaction include Mark Weiss, Jonathan Squires, Josh Neustadter, and Austin Weiner, who represented the brokerage firm Cushman & Wakefield in facilitating the sale between Mega Construction and Montefiore.