August 6, 2020
Cushman & Wakefield arranged the sale of 3145 Bailey Ave., a 1,316-square-foot automobile repair garage on a 7,054-square-foot corner lot in the Kingsbridge neighborhood of the Bronx. Deal terms weren’t disclosed. The property went on the market in late June.
A Cushman & Wakefield team of Jonathan Squires, Eric Roth and Addison Berniker represented the seller.
“This transaction is further proof that the market for industrial real estate has continued to be robust in the Bronx,” said Squires.
Roth added, “The Kingsbridge neighborhood has been gaining popularity and we expect to see further investor interest as assets become available.”
3145 Bailey Avenue, also known as 3190 Albany Crescent, is located on the southwest corner of Bailey Avenue, West 233rd Street and Albany Crescent. The building is currently 100% leased to one tenant.
The property is nearby the 1 train at the West 231st Street Station, which provides direct access to Times Square.
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