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Bronx Warehouse Buildings Sold for $25.6M

MRP Realty Acquires Distribution Complex
January 2, 2018
MRP Realty, Inc. has purchased the two-building industrial portfolio in the Bronx for $26 million, or about $212 per square foot, from North Shore Realty Investors.

1300 Viele Ave. delivered in 1959 and is currently undergoing renovations. It totals 70,300 square feet. 1301-1319 Ryawa Ave. totals 50,475 square feet and is also in the process of being renovated.

John Reinertsen with CBRE teamed with Gary Capetta and Matthew Corpuel of Pantheon Properties represented the seller. The buyer handled the sale in-house.

Please see CoStar COMPS #4057348 for more information on this transaction.
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