The subject property involved in the transaction is a half acre (approx.), paved & fenced parking lot located at 428 E. 166th Street in the Bronx. The property falls under the industrial asset type category. The deal was closed on 03/01/2022 with a sale price of $4,000,000. The property spans across 21,818 square feet and the price per square foot comes out to be $183. The buyer in this transaction was Storage Post, while the seller was Wildflower LTD. The brokers representing the deal were Andreas Efthymiou and Stephen R. Preuss Sr. from Ripco.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $4,000,000
• SF: 21,818
• PPSF: $183
• Address: 428 E. 166th Street
• Market: Bronx

It is important to note that the subject property was on a short term lease to Amazon at the time of the transaction. This deal involved key individuals such as Andreas Efthymiou and Stephen R. Preuss Sr. from Ripco, who represented the buyer and seller respectively.