Updated Nov 18, 2025
Square Mile Capital, Innovo Property Group Acquires Fmr Whitestone Multiplex Cinema In NYC Boroughs For $75M
2505 Bruckner Blvd, The Bronx, NY 10465, USA
$75,000,000
$86/SF
Building Size
871,200 SF
Asset Type
Industrial
Closing
Sep 16, 2017
About this deal
AI
The fmr Whitestone Multiplex Cinema in New York City's boroughs has been sold for $75,000,000. Situated at 2505 Bruckner Blvd, this retail property spans across 360,000 square feet, resulting in a price per square foot of $208.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $75,000,000
- SF: 360,000
- PPSF: $208
- Seller: Extell
- Buyer: Square Mile Capital, Innovo Property Group
- Broker: Cushman & Wakefield (@cushwake)
Square Mile Capital and Innovo Property Group have acquired the fmr Whitestone Multiplex Cinema from Extell, a prominent real estate developer. The deal was facilitated by Cushman & Wakefield, who represented the buyers in the transaction.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93