HCompounding Pharmacy Sells Bronx Office Building For $1.88M

Located at 3619 Provost Avenue in the Bronx, this office property was recently sold. The property, with a total floor area of 8,900 square feet, was listed for $1,880,000. With a price per square foot of $211, this transaction represents a significant investment in the area. The property is zoned for M1-1 use, which allows for a range of light industrial activities.

Summary of transation details

• Property Type: Office
• Transaction Amount: $1,880,000
• Date: 11/30/2020
• Market: Bronx
• Last Sale Price: $1,412,500 (7/2016)
• Lot Size: 111 ft x 83.08 ft

HCompounding Pharmacy, the seller of the property, enlisted the services of Mitchel Flaherty from B6RealEstate as their broker representative. This successful transaction represents a significant value increase from the last sale price of $1,412,500 in July 2016. The property's lot size spans approximately 111 feet by 83.08 feet, providing ample space for various purposes.