Criterion Group Acquires Industrial Property On Fordham Place In Bronx For $4.85M

Criterion Group, represented by Shibber Khan, has acquired an industrial property located at 233 Fordham Place in the Bronx. The property, situated in the M1-1 zone, spans a total of 101,680 square feet and was sold by JRP Industries, with John R. Philip acting as their representative. The transaction took place on January 13, 2021, and the property was sold for a total price of $4,850,000, at a price per square foot of $47. The previous sale of the property occurred in May 2005, with a recorded amount of $2,575,625.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $4,850,000
• Date: 01/13/2021
• Address: 233 Fordham Place
• Market: Bronx
• Zoning: M1-1
• Buyer: Criterion Group - Shibber Khan
• Seller: JRP Industries - John R. Philip
• Building Square Footage: 101,680 SF
• Price per Square Foot: $47
• Last Sale Price: $2,575,625 (5/2005)