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Verde Electric Acquires Industrial Property On 35 Bertel Avenue In Lower Westchester County, NY

35 Bertel Avenue
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This Industrial property located in NY was sold for $1,250,000 almost 4 years ago. The brokers of the deal were Steven Sperandio and DJ Johnston

An industrial/flex building located at 35 Bertel Avenue in Mount Vernon, NY (Lower Westchester County) was recently sold in a record sale. The property consists of a single story warehouse/office with 16' ceilings, spanning 4,000 square feet, and a contiguous 4,000 square feet side yard. The lot size measures approximately 8,000 square feet. Conveniently positioned in Mount Vernon, the property offers easy access to major thoroughfares, including I-95, Bronx River Parkway, Hutchison River Parkway, and US-1/Boston Rd. This high level of accessibility proved to be attractive for commercial owners/users. The property was sold for a price of $1,250,000, equivalent to $312.50 per square foot, which is 25% higher than market comparables in the area.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,250,000
  • Address: 35 Bertel Avenue
  • Market: Lower Westchester County

B6 Real Estate, a NYC-based firm, facilitated the sale of 35 Bertel Avenue. The brokers involved in the transaction were DJ Johnston and Steven Sperandio from B6 Real Estate. They successfully closed the deal with a local end-user buyer, Verde Electric, who chose to complete the purchase in cash within 45 days. B6 Real Estate's marketing capabilities and structured bidding process proved to be highly effective in suburban markets. If you're looking to sell a property and want to maximize your returns, consider connecting with DJ Johnston or Steve Sperandio to discuss their approach. The team at B6 Real Estate is determined to disrupt the middle market in Westchester County and help clients achieve their goals.

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Deals
  • Location
    35 Bertel Avenue, Mount Vernon, Westchester County, NY, USA35 Bertel Avenue, Mount Vernon, Westchester County, NY, USA
  • Sale Price
    $1,250,000$1,250,000
    $156 PPSF$156 PPSF
  • Area
    8,000 SF8,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    2 Brokers, 2 Agencies2 Brokers, 2 Agencies

Agents

DJ Johnston

DJ Johnston

Deals70
Financed$398.4M

Steven Sperandio

Steven Sperandio

Deals15
Financed$218.3M

Agencies

Ripco

Ripco

Agency
Deals629
Volume$4.2B

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Deal Summary

SALE IMAGE: DJ Johnston & Steven Sperandio DATE: 06/09/2021 ADDRESS: 35 Bertel Avenue MARKET: Lower Westchester County ASSET TYPE: Industrial BUYER: Verde Electric - Giulio Monaco SELLER: Vellone and Sperandio Inc. - Anthony Sperandio BROKERS: DJ Johnston (@B6RealEstate_JohnstonTeam) & Steven Sperandio (@StevenSperandio) @B6RealEstate ASKING PRICE: $1,350,000 SALE PRICE: $1,250,000 SF: 8,000 ~ PPSF: $156 NOTE FROM @B6RealEstate: B6 is infiltrating the NYC suburban markets. In June 2021, Johnston and Sperandio closed on the record sale of 35 Bertel Avenue, an industrial/flex building in Mount Vernon, NY (Lower Westchester County). The buyer was a local end-user and closed all cash within 45 days. The property’s lot size is roughly 8,000 SF, split between a 4,000 SF single story warehouse/office with 16’ ceilings, and a contiguous 4,000 SF side yard. Mount Vernon offers convenient access to major thoroughfares (1 mi. I-95; 2 mi. Bronx River Pkwy; 1 mi. Hutchison River Pkwy; 1.0 mi. US-1/Boston Rd.), which made the site very attractive for commercial owners/users. The sales price was $1,250,000 which equates to $312.50 per existing SF, 25% higher than market comparables. While B6 is a NYC based firm, our marketing capabilities and structured bidding process have proven extremely effective in the surrounding suburban markets. Connect with DJ or Steve to discuss how their approach can maximize your returns on a sale and how they intend on disrupting the middle market in Westchester.

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