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
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