Albert Rabizadeh Acquires Retail Property In Bronx For $22.75M

The retail property located at 1031-1051 Westchester Avenue in Bronx has been sold for a total price of $22,750,000. The property spans across an area of 23,339 square feet, with a price per square foot of $974. The transaction took place on July 13, 2022.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $22,750,000
• Address: 1031-1051 Westchester Avenue
• Market: Bronx

The buyer of the property was Albert Rabizadeh, while the seller was Vanbarton Group. Cushman & Wakefield represented the seller in the transaction, with Josh Neustadter and Jonathan Squires acting as the seller's representatives. On the other hand, Ariel Property Advisors represented the buyer, with Victor Sozio and Jason Gold serving as their representatives.