Alba Services Acquires Industrial Property In Hunts Point For $3.6M

Alba Services has acquired an industrial property located at 543 Hunts Point Avenue in Hunts Point. The property spans 3,475 square feet and was sold for a price of $3,600,000, resulting in a price per square foot of $1,047. The transaction took place on May 31, 2022. The seller, Tri-State Transfer Associates Inc., successfully closed the deal.

Summary of transaction details:

• Property Type: Industrial
• Sale Price: $3,600,000
• Square Footage: 3,475
• Price Per Square Foot: $1,047
• Date: 05/31/2022
• Address: 543 Hunts Point Avenue
• Market: Hunts Point

The acquisition was made by Alba Services, while Tri-State Transfer Associates Inc. acted as the seller in the transaction. Both parties successfully concluded the deal, which represents a significant transaction in the industrial property market of Hunts Point.