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Hercules Argyriou Of Mega Contracting Group Acquires Three Properties In Tremont From Guarascio Family For $8.2M

Property Image
SOLD
$8,200,000

New York

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Mixed-use
Sold 05/16/2024
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Property Image
SOLD

Hercules Argyriou Of Mega Contracting Group Acquires Three Properties In Tremont From Guarascio Family For $8.2M

521 East Tremont Avenue, 513 East Tremont Avenue & 1904 Bathgate Avenue

See Similar Deals
Mixed-use
Sold 05/16/2024
the dealdetailscomps

Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Sale

The transaction involved the sale of three properties in Tremont, Bronx - 521 East Tremont Avenue, 513 East Tremont Avenue, and 1904 Bathgate Avenue. The properties comprised a mixed-use building, a retail building, and an industrial building, with a combined sale price of $8.2 million. The total building square footage equated to 184,512, with a price per square foot of $44.

Summary of transaction details:

  • Property Type: Mixed-use, Retail & Industrial
  • Transaction Amount: $8,200,000
  • Buyer: Hercules Argyriou - Mega Contracting Group
  • Seller: Louis Guarascio & Robert Guarascio
  • Market: Tremont, Bronx

Hercules Argyriou represented Mega Contracting Group's 521 Tremont MM LLC in the acquisition of the properties from the Guarascio family's Matrix Tremont, Inc. The sale brought together key individuals and companies in a significant transaction within the Bronx real estate market.

Details

SOLD
IMAGE: Hercules Argyriou DATE: 05/16/2024 ADDRESS: 521 East Tremont Avenue, 513 East Tremont Avenue & 1904 Bathgate Avenue MARKET: Tremont, Bronx ASSET TYPE: Mixed-use, Retail & Industrial BUYER: Hercules Argyriou - Mega Contracting Group SELLER: Louis Guarascio & Robert Guarascio SALE PRICE: $8,200,000 BSF: 184,512 ~ PPBSF: $44 NOTE: Hercules Argyriou, representing Mega Contracting Group's 521 Tremont MM LLC, acquired three properties in Tremont, Bronx, including a mixed-use building, a retail building, and an industrial building, for $8.2 million from the Guarascio family's Matrix Tremont, Inc.

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