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Bronx Industrial Sold for $10M

Pearl Realty Mgmt Purchases 30,000-SF Property
January 17, 2018
Pearl Realty Management, a Brooklyn-based management company, has purchased the industrial building located at 501 Worthen St. (1171 Oakpoint Ave.) in the Bronx for $10 million, or about $333 per square foot.

The 30,000-square-foot industrial building delivered in 1951. The clear height is 40 feet and there are five drive-in bays.

David Schechtman, Abie Kassin and Lipa Lieberman of Meridian Capital Group LLC represented the seller. Ariel Castellanos and Federico Mazzeo with Pinnacle Realty of New York LLC represented the buyer.

Please see CoStar COMPS #4092990 for more information on this transaction.
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