Excelsior Investors Acquires Industrial Property In Eastchester, Bronx For $8.1M

Excelsior Investors, represented by Gideon Etra, acquired an industrial property located at 4295 Boston Road and 4275 Boston Post Road in Eastchester, Bronx. The property, situated in the M3-1 zoning district, boasts a total square footage of 228,858. The transaction took place on December 7, 2020, for a sale price of $8,138,995, resulting in a price per square foot of $35. The previous sale of the property occurred in May 2013, with a price of $1,838,938.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $8,138,995
• Address: 4295 Boston Road & 4275 Boston Post Road, Eastchester, Bronx
• Market: Eastchester, Bronx
• Zoning: M3-1
• Buyer: Excelsior Investors - Gideon Etra
• Seller: Frank E. Kearney Jr.
• Total Square Footage: 228,858
• Price per Square Foot: $35
• Last Sale Price: $1,838,938 (5/2013)

Gideon Etra, a representative of Excelsior Investors, played a pivotal role in facilitating the transaction. This acquisition presents an opportunity for Excelsior Investors to add an industrial property in Eastchester to its portfolio, with vast potential for various industrial uses.