Abingdon Square Partners Acquires Bronx Warehouse For $12.5M

A warehouse in the Bronx has been sold for $12,500,000. Located at 425-449 Devoe Avenue, the property spans a total of 90,000 square feet, resulting in a price per square foot of $139. The combined lot size is approximately 56,990 square feet. The transaction took place on January 25, 2018.

Summary of transaction details:

• Property Type: Warehouse
• Transaction Amount: $12,500,000
• Address: 425-449 Devoe Avenue, Bronx, New York
• Market: Bronx
• Square Footage: 90,000 sf
• Price per Square Foot: $139
• Combined Lot Size: ±56,990 SF

The seller of the warehouse was Anthony Guarino, while the buyer was Abingdon Square Partners represented by Benjamin Atkins. The deal was facilitated by brokers Ben Biberaj and Jacob Tzfanya from Eastern Consolidated.