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Civic Builders Acquires Mixed-use Properties In Bronx From Anthony Martello For $15.9M

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SOLD
$15,900,000

New York

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Mixed-use32,280 SF
Sold 06/05/2025
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Property Image
SOLD

Civic Builders Acquires Mixed-use Properties In Bronx From Anthony Martello For $15.9M

1529 Williamsbridge Road, 1539 Williamsbridge Road & 2583 Poplar Street

See Similar Deals
Mixed-use32,280 SF
Sold 06/05/2025
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$492
Total Square Footage:32,280 SF
Transaction Type:Sale

The mixed-use property located at 1529 Williamsbridge Road, 1539 Williamsbridge Road, and 2583 Poplar Street in the Bronx has been sold for $15,900,000. The property encompasses a total of 11,280 square feet, equating to a price per square foot of $1,409.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $15,900,000
  • Buyer: Civic Builders
  • Seller: Anthony Martello
  • Broker: Anthony Mameli - Bronx CRE & Nico Rossi - Rakow Commercial Realty Group

Bronx CRE represented Civic Builders in the purchase and long-term lease of the property, which includes Haven Charter High School. The team specializes in supporting schools and mission-driven organizations in the Bronx and other regions.

Players

2 deals$17.7M volume
BROKER


Rakow Commercial Realty Group
BROKERAGE

Details

SOLD
IMAGE: Anthony Mameli & Nico Rossi DATE: 6/5/2025 ADDRESS: 1529 Williamsbridge Road, 1539 Williamsbridge Road & 2583 Poplar Street MARKET: Bronx ASSET TYPE: Mixed-use BUYER: Civic Builders (@CivicBuilders) SELLER: Anthony Martello BROKER: Anthony Mameli (@AnthonyMameli) - Bronx CRE & Nico Rossi - Rakow Commercial Realty Group (@RakowGroup) SALE PRICE: $15,900,000 SF: 11,280 ~ PPSF: $1,409 NOTE FROM BROKER: Bronx CRE represented Civic Builders in the purchase of 1529-1539 Williamsbridge Road and Haven Charter High School through both the acquisition and a long-term lease of the property. Our team routinely supports schools and other mission-driven organizations across the Bronx and beyond. If your organization is seeking skilled and experienced representation, reach out to Anthony Mameli at [email protected]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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