Heritage Equity Partners Acquires Warehouse In Mott Haven, Bronx For $10M

A warehouse located at 286 Rider Avenue in Mott Haven, Bronx has been sold in a closed transaction. The property, measuring 20,555 square feet, was sold for a price of $10,000,000, resulting in a price per square foot of $486. The building's total square footage is 100,000, leading to a price per buildable square foot of $100. The property is planned to be developed into 150 units.

Summary of transation details

• Property Type: Warehouse
• Transaction Amount: $10,000,000
• Address: 286 Rider Avenue
• Market: Mott Haven, Bronx

The buyer of the property is Heritage Equity Partners, represented by Toby Moskovits and Michael Lichtenstein. The seller is Robert Newblatt. The transaction was facilitated by Capital Property Partners, with Daniel Rahmani serving as the broker.