Montefiore Sells Industrial Property At 1776 Hoe Avenue In Bronx For $10.6 Million With Buyer's Rep Pinnacle Realty Of New York

The asset involved in the transaction is an industrial property located at 1776 Hoe Avenue in the Bronx. The sale price for this property was $10,600,000, with a total square footage of 58,962, translating to a price per square foot of $179.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $10,600,000
• Address: 1776 Hoe Avenue
• Market: Bronx
• Square Footage: 58,962
• Price per Square Foot: $179
• Seller: Montefiore
• Buyer's Representatives: Ariel Castellanos, Federico Mazzeo, Paul Bralower & Brendan Burke - Pinnacle Realty of New York

Pinnacle Realty of New York was instrumental in procuring the purchaser through a 1031 exchange, facilitating a quick closing for the transaction.