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.

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