Bronx, NY – Cushman & Wakefield announced today that the real estate services firm has been retained on an exclusive basis to arrange for the sale of 200-208 South 14th Avenue, a 26,788-square-foot industrial property plus parking lot in the Bronx.
A Cushman & Wakefield team of Jonathan Squires, Josh Neustadter, Bill Eisenhut, Michael Fioravanti, Addison Berniker and Shayne Soltan will be leading the marketing efforts on behalf of the property’s seller.
“Situated on the border between the Bronx and Mount Vernon, this property’s location is ideal to service customers in both New York City and Westchester County,” said Squires of Cushman & Wakefield.
“As the industrial market in the greater New York area continues to heat up, these properties remain in high demand and will continue to grow in value,” added Neustadter.
200-208 South 14th Avenue is a multi-story property with seven commercial units that each feature thirteen-foot ceilings. The property is currently one hundred percent leased with a weighted lease term of 3.9 years, producing a diversified and steady income stream. The entire parcel includes .32 acres with a total 1.92 floor area ratio (FAR), zoned for auto body repair, general manufacturing and distribution. The property has undergone recent renovations including a new roof, LED lighting, new windows and overhead doors and resurfaced warehouse floors.
The property sits in both Mount Vernon and the Bronx, with easy access to all of the area’s major highways and public transportation. The Wakefield Station on the Metro North line is less than one mile from the property and the 241st Street Subway Station is situated just four blocks away.
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 Named Exclusive Sales Agent for 26,788-Square-Foot Industrial Building Plus Parking Lot in the Bronx
11/6/2019
Cushman & Wakefield announced today that the real estate services firm has been retained on an exclusive basis to arrange for the sale of 200-208 South 14th Avenue, a 26,788-square-foot industrial property plus parking lot in the Bronx.
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