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1529 Williamsbridge Road

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

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

1529 Williamsbridge Road, 1539 Williamsbridge Road & 2583 Poplar Street

$15,900,000

$492/SF

Building Size

32,280 SF

Asset Type

Mixed-use

Closing

Jun 4, 2025

AI

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

Anthony Mameli

Broker

$17.7M

vol

2 deals

Broker
Rakow Commercial Realty Group
Rakow Commercial Realty GroupBrokerage

Bronx Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.00%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93