Verde Electric Acquires Industrial Property On 35 Bertel Avenue In Lower Westchester County, NY
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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
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- Location35 Bertel Avenue, Mount Vernon, Westchester County, NY, USA
- Sale Price$1,250,000$156 PPSF
- Area8,000 SF
- Asset TypeIndustrial
- Parties2 Brokers, 2 Agencies
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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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35 Bertel Avenue
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