New York, NY – Cushman & Wakefield announced today that the real estate services firm arranged the sale of an 11,104-square-foot motel located at 1440 East 222nd Street in the Bronx. The final sale price was $5,500,000.
Cushman & Wakefield’s Jonathan Squires, Josh Neustadter and Austin Weiner represented the seller, Bay Chester Motel, Inc., in the transaction. The property was acquired by Bay Plaza 1440 LLC.
“This offering was a rare opportunity to purchase a value-add motel in the North Bronx right off I-95 and steps to various forms of public transportation,” said Squires. “This sale is part of the continuous redevelopment of the Bronx as both a place to live and a destination.”
1440 East 222nd Street is an 11,104-square-foot motel on a block-through, 15,943-square-foot M1-1 zoned lot. The motel features 35 units, an accessory office and 35 parking spaces. The property will be delivered vacant.
Located in the Baychester neighborhood of the Bronx, the property is accessible via the Baychester Avenue subway station serviced by the 5 train. The property is surrounded by an array of retail, dining and entertainment options.
Cushman & Wakefield Arranges $5.5M Sale of 1440 East 222nd Street
Jayden Lapin-Tatman • 10/12/2022
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.