SOLD
Essen Medical Acquires Bronx Office Building On Williamsbridge Rd. For $2.4M
1468 Williamsbridge Road
Office
4,800 SF
4,800 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Office
4,800 sqft
An office property located at 1468 Williamsbridge Rd. in Bronx has been sold for $2,400,000. The property spans approximately 4,800 square feet and was purchased by Essen Medical. The transaction took place on December 17, 2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $2,400,000
- Address: 1468 Williamsbridge Rd., Bronx
- Market: Bronx
The sale of the office property was facilitated by 5 Boro Real Estate Partners, represented by Moshik Regev, Ori Argaman, Uri Mermelstein, and Joseph Yushuvayev. The brokers involved in the transaction were Chris Varjan, George Steffani, Steve Lorenzo, and Jonathan Braun from Lee & Associates NYC.
According to @LeeAssociatesNYC, the transaction attracted significant interest from various end users, resulting in competitive offers. The chosen buyer was able to provide a fast time of essence (TOE) closing and favorable terms, allowing the seller to utilize the proceeds for a 1031 exchange on a property already under contract. Lee & Associates also brokered the mentioned transaction at 3251 Westchester Ave.
Lee & Associates is actively expanding its presence in the Bronx, focusing on commercial and development properties. They anticipate bringing new inventory to the market in 2022 due to the high demand from end users and investors seeking to benefit from the market's growth and yield. Additionally, the company is actively hiring for sales and leasing positions; interested individuals can submit their resumes to [email protected].
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: George Steffani, Chris Varjan, Uri Mermelstein, Moshik Regev, Joseph Yushuvayev, Jonathan Braun & Steve Lorenzo
DATE: 12/17/2021
ADDRESS: 1468 Williamsbridge Rd.
MARKET: Bronx
ASSET TYPE: Office
BUYER: Essen Medical
SELLER: 5 Boro Real Estate Partners - Moshik Regev, Ori Argaman, Uri Mermelstein & Joseph Yushuvayev
BROKERS: Chris Varjan (@CVar23), George Steffani, Steve Lorenzo (@SteveLorenzo1) & Jonathan Braun (@BraunJon) - Lee & Associates NYC (@LeeAssociatesNYC)
SALE PRICE: $2,400,000
SF: 4,800~ PPSF: $500
NOTE FROM @LeeAssociatesNYC: Lee & Associates would like to thank our trusted clients on both sides of this transaction for executing an easy transaction for all involved. We saw tremendous interest in this asset & ultimately saw aggressive offers from several end users. Ultimately we selected a deal with the buyer who was able to provide a very fast TOE closing & clean terms that enabled the seller to use the proceeds of this sale to unexpectedly take advantage of a 1031 exchange for a property they already had in contract. Lee &Associates also brokered that transaction located at 3251 Westchester Ave.
Lee & Associates is aggressively expanding their presence in the Bronx with a focus on commercial & development properties. We have seen tremendous demand from end users & investors looking to take advantage of the yield & growth in the market. We look forward to bringing lots of new inventory to the market in 2022. As a result of our growth we are also actively seeking new hires in both sales & leasing. Please send all resumes to [email protected]View on map
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Address1468 Williamsbridge Road
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