CBRE Brokers Sale Of Retail Property At 1725 University Avenue Bronx For $2.5M

This retail property is located at 1725 University Avenue in the Bronx. The asset encompasses a square footage of 5,200. The sale price achieved was $2,500,000, translating to a price per square foot of $480. The property is fully leased and positioned along a high-traffic commercial corridor, benefitting from over 15,000 SF of additional air rights.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,500,000
• Address: 1725 University Avenue
• Market: Bronx
• Square Footage: 5,200
• Price per Square Foot: $480

The transaction was facilitated by brokers Robert Shapiro, Ian Brooks, Nicholas Kontos, and David Garcia from CBRE. Their efforts led to significant interest in the property, culminating in a highly competitive bidding process that exceeded the asking price by approximately 20%. The outcome highlights the robust demand in the Bronx retail market.