Bronx scores only mid-market deals in past two weeks

Developer and moving company scoop up large industrial tracts

New York /
Oct.October 06, 2020 08:00 AM
From left: 580 Gerard Avenue and buyer Joshua Schuster of Silverback Development, and 437-441 164th Street with buyer Jason Friedland of Westrock Development (Google Maps)

From left: 580 Gerard Avenue and buyer Joshua Schuster of Silverback Development, and 437-441 164th Street with buyer Jason Friedland of Westrock Development (Google Maps)

Just two investment sales between $10 million and $30 million have been recorded in public records since Sept. 20. Both came last week and were for industrial space in the Bronx. Here are details:

1. Silverback Development acquired a 31,200-square-foot parking facility at 580 Gerard Avenue in Concourse for $16.9 million, through the limited liability company SD Gerard Avenue. The property has 214,800 square feet of development potential. Emmes Asset Management was the seller, acting through NR Property 2 LLC.

2. A limited liability company affiliated with Shlepper’s Moving and Storage purchased six industrial properties and a vacant lot in Morrisania with a total of 59,207 square feet for $14 million. The seller was A&I Bronx Realty Corp. The properties are located at 437, 439 and 441 164th Street; and 432, 434 and 442 165th Street as well as a nearby vacant lot. Jason Friedland, president of Shlepper’s, signed the sales document as the buyer. Friedland is also president of Westrock Development, an industrial real estate brokerage firm servicing the Bronx and Lower Westchester.





    Related Articles

    arrow_forward_ios
    Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

    Here’s what the $10M-$30M NYC investment sales market looked like last week

    Here’s what the $10M-$30M NYC investment sales market looked like last week
    48-00 Grand Avenue in Maspeth and Prologis CEO Hamid Moghadam (Google Maps; Prologis)

    Prologis picks up Maspeth parcel for $51M

    Prologis picks up Maspeth parcel for $51M
    Clockwise from left: 205 Brook Avenue in the Bronx, 219 Jay Street in Brooklyn, 377 Johnson Avenue in Bushwick and 54-25 58th Street in Maspeth (Google Maps; JLL)

    Mid-market investment sales record strong week

    Mid-market investment sales record strong week
    Silvercup Studios in Long Island City, NY (Getty)

    The rise of soundstage real estate, by the numbers

    The rise of soundstage real estate, by the numbers
    Matthew Dicker, Adam Gordon and Jeff Bezos with 1255 and 12595 Flatlands Avenue (Getty, Brooklyn Logistics Center) 

    Amazon inks major warehouse deal in East New York

    Amazon inks major warehouse deal in East New York
    454 East 148th Street and 5252 Kings Highway (Google Maps; Compass)

    Bulk co-op buy in the Bronx tops mid-market investment sales

    Bulk co-op buy in the Bronx tops mid-market investment sales
    554 Fort Washington Avenue (top) and 235 Gardner Avenue (Google Maps)

    East Williamsburg warehouse fetches $28M

    East Williamsburg warehouse fetches $28M
    SL Green CEO Marc Holliday and 410 Tenth Avenue (Google Maps; SL Green)

    SL Green’s Hudson Yards deal is breakthrough for Manhattan’s i-sales market

    SL Green’s Hudson Yards deal is breakthrough for Manhattan’s i-sales market
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...