Kai Wong Acquires Retail Property At 2559 Third Avenue Bronx For $1 Million With Brokers Cushman & Wakefield

The retail property located at 2559 Third Avenue in the Bronx has been sold for $1,000,000. The asset spans 1,250 square feet, translating to a price per square foot of $800. The transaction reflects active interest in the Bronx market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,000,000
• Sale Date: 12/16/2025
• Buyer: Kai Wong
• Seller: BNS Real Estate
• Brokers: Jonathan Squires, Josh Neustadter & Austin Weiner - Cushman & Wakefield
• Square Footage: 1,250
• Price Per Square Foot: $800

The deal involved key brokers from Cushman & Wakefield, including Jonathan Squires, Josh Neustadter, and Austin Weiner. They noted the potential for incremental value by monetizing development air rights adjacent to the property, enhancing the overall sale outcome.