facebook
Traded Co logo
Submit a Deal
470, 480, 500 & 502 Zerega Avenue
SOLD

Verizon Acquires Industrial Property In The Bronx For $21M

470, 480, 500 & 502 Zerega Avenue

Industrial
118,270 SF
clock iconSold 1 year ago
Austin Weiner
Rico Murtha
Josh Kuriloff
+ 4
the dealplayerscompscontact
share iconContact now

Summary

Sale
NEW YORK
Industrial
118,270 sqft

Verizon has acquired an industrial property located at 470, 480, 500 & 502 Zerega Avenue in The Bronx. The property, sold by Del Balso Construction Corporation and Peter C. Marron, spans a total of 118,270 square feet. The transaction was facilitated by brokers Josh Kuriloff, Jonathan Squires, Dale Braverman, Josh Neustadter, Rico Murtha, and Austin Weiner from Cushman & Wakefield. The sale price for the property was $21,000,000, resulting in a price per square foot of $178.

Summary of Transaction Details:

  • Property Type: Industrial
  • Transaction Amount: $21,000,000
  • Address: 470, 480, 500 & 502 Zerega Avenue, The Bronx
  • Market: The Bronx
  • Buyer: Verizon
  • Seller: Del Balso Construction Corporation - Peter C. Marron
  • Brokers: Josh Kuriloff, Jonathan Squires, Dale Braverman, Josh Neustadter, Rico Murtha & Austin Weiner - Cushman & Wakefield
  • Square Footage: 118,270
  • Price per Square Foot: $178

This sale marks a significant transaction in The Bronx's industrial real estate market, showcasing Verizon's investment in the area. The property's strategic location and ample square footage make it a valuable asset for Verizon's operations. The involvement of multiple brokers from Cushman & Wakefield demonstrates the collaborative effort in successfully closing the deal.

Players

  • All

    7

  • Agents

    6

  • Agencies

    1

Austin Weiner's profile picture
Austin Weiner
Cushman & Wakefield-image
Associate
$107.5M Sold
Rico Murtha's profile picture
Jonathan Squires's profile picture
Dale Braverman's profile picture

Details

Deal Summary
minus icon
SOLD
IMAGE: Josh Kuriloff, Josh Neustadter, Jonathan Squires, Rico Murtha, Austin Weiner & Drew Braver DATE: 11/17/2022 ADDRESS: 470, 480, 500 & 502 Zerega Avenue MARKET: The Bronx ASSET TYPE: Industrial BUYER: Verizon SELLER: Del Balso Construction Corporation - Peter C. Marron BROKERS: Josh Kuriloff, Jonathan Squires, Dale Braverman, Josh Neustadter (@Josh_Neust), Rico Murtha & Austin Weiner (@AustinWeiner) - Cushman & Wakefield (@NYInvestmentSales) SALE PRICE: $21,000,000 SF: 118,270 ~ PPSF: $178

View on map

Loading...

Address470, 480, 500 & 502 Zerega Avenue

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want