Shlepper’s Moving & Storage Acquires Industrial Property In Morrisania, Bronx For $14M
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This Industrial property located in NY was sold for $14,000,000 over 3 years ago. The brokers of the deal were Steve Lorenzo, Vickram Jambu, Jonathan Braun, George Steffani, Fredric Stein, and Chris Varjan
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- Location164 East 165th Street, Bronx, NY 10456
- Sale Price$14,000,000$254 PPSF
- Area55,010 SF
- Asset TypeIndustrial
- Parties6 Brokers, 3 Agencies
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Deal Summary
SALE
IMAGE: Vickram Jambu, Jonathan Braun (@BraunJon), George Steffani, Chris Varjan (@CVar23) & Steve Lorenzo
DATE: 09/11/2020
ADDRESS: 437-441 East 164th St, 432-442 East 165th St, & 448 East 165th St
MARKET: Morrisania, Bronx
ASSET TYPE: Industrial
BUYER: Shlepper’s Moving & Storage - Raz Itzhaki
SELLER: A&I Bronx Realty Corp - Izzy Kubersky
BROKERS: Chris Varjan, Jonathan Braun, Steve Lorenzo, Vick Jambu, & George Steffani - @LeeAssociatesNYC
LISTING BROKERS: Pinnacle Realty NY - Fredric Stein, Ariel Castellanos (@AriiiNYC), Federico Mazzeo
PRICE: $14,000,000
SF: 55,010 ~ PPSF: $254
BSF: 59,207 ~ PPBSF: $236
NOTE: @LeeAssociatesNYC was able to structure terms of this deal that were mutually beneficial to both parties. This included a lease prior to closing that enabled the purchaser to occupy the space while maintaining a longer closing period to meet their 1031 exchange requirements. This also provided the seller with cashflow on the vacant building for several months until closing.
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437-441 East 164th Street, 432-442 East 165th Street, & 448 East 165th Street
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