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May 12, 2020 Comments Off on Industrial in Bronx’s Baychester Fetches $3M Views: 408 New York News, Uptown/Bronx New York

Industrial in Bronx’s Baychester Fetches $3M

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Cushman & Wakefield arranged the sale of 1476 E. 222nd St., a 17,195-square-foot industrial warehouse in the Baychester section of the Bronx. The final sale price was $3,250,000.

A Cushman & Wakefield team of Jonathan Squires, Addison Berniker, Michael Fioravanti and Josh Neustadter represented the seller in the transaction.

“This industrial warehouse is located within an Opportunity Zone and offers quick access to New York City and the Northeast Corridor,” said Berniker.

“Prior to closing in May, the buyer was able to find a logistics tenant, demonstrating the true demand for warehouse space right now,” said Squires.

1476 E. 222nd features 21’ ceilings, four drive-in garages and one loading dock. Additionally, there is a mezzanine level with a separate entrance that provides office space above the warehouse. The property was owner-occupied and delivered vacant.

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