AAA Wholesale Distributors Acquires Industrial Asset On Close Avenue In Bronx For $6.95M

This industrial asset is located at 1120-1130 Close Avenue in the Bronx, featuring a total square footage of 17,500. The property was sold for a transaction amount of $6,950,000, which results in a price per square foot of $397. Notably, it includes nearly 7,400 square feet of dedicated parking and has cold storage capability spanning 11,000 square feet.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $6,950,000
• Buyer: AAA Wholesale Distributors
• Seller: Schwartz Family
• Buyer's Representative: Ariel Castellanos - Pinnacle Realty of New York
• Seller's Representatives: Eric Roth, Daniel O'Brien, Harry James, Christine Felling & Danny Jones - Newmark
• Square Footage: 17,500
• Price Per Square Foot: $397

The transaction involved multiple representatives, with the seller's team comprised of five individuals from Newmark who facilitated the deal. Ariel Castellanos from Pinnacle Realty of New York represented AAA Wholesale Distributors in this transaction.