New Destiny Housing Corporation Acquires Development Site/Industrial In Bronx For $3.5M

The development site/industrial property located at 1139 Webster Ave in Bronx has been sold for $3,500,000. The property spans a total of 50,000 square feet, with a price per square foot of $70. The transaction took place on 07/12/2022.

Summary of transaction details

• Property Type: Development Site/Industrial
• Transaction Amount: $3,500,000
• Address: 1139 Webster Ave
• Market: Bronx
• Buyer: New Destiny Housing Corporation
• Seller: The Wolf Family
• Brokers: Jonathan Squires & Josh Neustadter - Cushman & Wakefield
• BSF: 50,000
• PPBSF: $70

The deal was facilitated by Jonathan Squires and Josh Neustadter of Cushman & Wakefield. They represented both the buyer, New Destiny Housing Corporation, and the seller, The Wolf Family, in this transaction.