Jorge Madruga Acquires Industrial Asset At 425 Devoe Avenue For $10,750,000 With Brokers Jason M. Gold, Sean R. Kelly, Esq. & Daniel Mahfar

The industrial property located at 425 Devoe Avenue in West Farms, Bronx has been sold for $10,750,000. The property features a total of 60,000 square feet above grade, translating to a price of $180 per square foot, along with an additional 30,000 square feet below grade.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,750,000
• Buyer: Jorge Madruga
• Seller: Ben Atkins
• Brokers: Jason M. Gold, Sean R. Kelly, Esq. & Daniel Mahfar - Ariel Property Advisors

Jason M. Gold, Sean R. Kelly, Esq., and Daniel Mahfar represented the transaction on behalf of Ben Atkins, the seller. The team has noted that there are additional similar assets currently being marketed and can be reached for further discussions.