CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Named Exclusive Sales Agent for Mixed-Use Building in the Bronx

Michael Boonshoft • 8/8/2019
New York, NY – August 8, 2019 – Cushman & Wakefield today announced that the real estate services firm has been retained on an exclusive basis to arrange for sale 975 East 233rd Street, a 5,780-square-foot mixed-use site in the Wakefield neighborhood of the Bronx

A Cushman & Wakefield team consisting of Jonathan Squires, Michael Fioravanti, Josh Neustader, Addison Berniker and Shayne Soltan will be leading the marketing efforts on behalf of the property’s seller, Empire State Equities.

“This property is unique in that it has a retail strip center and a two-family residential unit located on the same tax lot,” said Jonathan Squires of Cushman & Wakefield. “Our asking price of $2M allows for a 6% return, which is a good return for a mixed-use property on a strong Bronx retail corridor.”

975 East 233rd Street is located between the Bronx River Pkwy, Hutchinson Pkwy and Cross County Pkwy in the Wakefield section of the Bronx. The property recently underwent renovations and the seven store, two apartment property is fully occupied. The corner tenant, Lammy’s was featured and celebrated in Anthony Bourdain’s “Parts Unknown”.

The property is within walking distance to the 233rd Street subway station where you have access to the 2, 5 and Metro North trains. Neighboring retail includes Dunkin’ Donuts, Carvel and Subway.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Cushman & Wakefield Media Contact

Michael Boonshoft New York Communications

RELATED STORIES

Unilever (image)
Unilever • Consumer Goods
New Unilever North America HQ: Testimony to Brand Strength and Our Cross-Service Platform
Learn More
NVI (image)
National Vision, Inc. • Retail
Proud Partners in National Vision's Success Story
Learn More

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS