July 22, 2020
Cushman & Wakefield arranged the sale of 2883 Miles Ave., a 9,200-square-foot corner industrial warehouse in the Throgs Neck neighborhood of the Bronx. The final sale price was $2,000,000.
A Cushman & Wakefield team of Jonathan Squires, Josh Neustadter and Michael Fioravanti represented the seller, Centre Fence. Mark Koplowitz purchased the asset.
“The buyer recognized the value of the opportunity to invest in one of the few industrial properties in Throgs Neck and stepped up to pay the full asking price,” said Squires.
Neustadter added, “Located just off the East Tremont corridor, the warehouse’s flexible residential and commercial zoning make it very attractive for multiple uses.”
2883 Miles Ave. is a single-story industrial warehouse that was owner-occupied and delivered vacant. The property provides convenient access to the Bruckner Expressway, the Cross-Bronx Expressway and the Throgs Neck and Whitestone bridges.
Pictured: Throgs Neck Bridge, courtesy of Metropolitan Transportation Authority.
For comments, questions or concerns, please contact Paul Bubny