Ashkenazy asking $44M for Bronx commercial building

Developer paid $23M for 949 Southern Boulevard in 2013

TRD New York /
Feb.February 06, 2015 11:33 AM

Ben Ashkenazy’s Ashkenazy Acquisition Corporation is looking to sell an office and retail building at 949 Southern Boulevard in the Bronx for $43.5 million.

The developer bought the roughly 90,000-square-foot building in 2013 for $23 million.

Westwood Realty Associates’ Steven Vegh, who also brokered the deal in 2013, is exclusively marketing the property. The building, which has 150 feet of frontage along Southern Boulevard, includes roughly 30,000 square feet of retail space. An unidentified national clothing retailer has inked a lease for 15,000 square feet on the ground floor.

The area is “continuously growing and more national retailers are seeking the block,” Vegh said. The Crossings at Southern, a large retail complex owned by Taconic Investment Partners’ affiliate the Prusik Group, is located nearby.

In November, Ashkenazy bought a retail condo building in Nolita for $40 million together with Centurion Realty. A month before, the developer bought a pair of adjacent retail buildings a block south of the Port Authority Bus Terminal for $40 million.


Related Articles

arrow_forward_ios

Ben Ashkenazy jacked up the rent to $30M. Now Barneys is weighing another bankruptcy

285 Lafayette Street, Ashkenazy Acquisition's Ben Ashkenazy and Kushner Companies' Charles Kushner (Credit: Google Maps and Sasha Maslov for The Real Deal)

Kushner Cos. pays $39M for Soho retail condo, continuing buying spree

Clockwise from left: Ben Ashkenazy, 711 5th Avenue, Wafra CEO Fawaz Al-Mubaraki, and Nightingale Properties' Elie Schwartz (Credit: Google Maps; Wafra)

Ben Ashkenazy is the secret ingredient in Nightingale, Wafra’s Coca-Cola deal

After rent hike, Barneys extends credit line

Paradise lost? Ashkenazy deal for Brookfield’s Atlantis resort in the Bahamas falls though

Ashkenazy picks up Sheepshead Bay shopping center for $38M

Ralph Lauren’s exit at 625 Madison just compounded a big problem for SL Green

Ashkenazy gets go-ahead to double the rent at Barneys’ Madison Avenue flagship

arrow_forward_ios