Ariel Property Advisors has been retained to sell the leasehold of 840 Westchester Ave., a 53,705-square-foot retail/office property on one of the Bronx’s busiest commercial corridors. The newly-constructed building contains a below-grade, 74-car garage as well as 83,321 square feet of air rights.
“This asset offers investors a rare opportunity to buy the leasehold interest of a newly-built building that has a strong tenant base and sits along one of the most active commercial thoroughfares in The Bronx,” said Jason M. Gold, director at Ariel. Together with his colleagues Victor Sozio and Orry Michal, Gold is representing the property’s ownership.
840 Westchester contains two office units and two retail units. It’s anchored by a Rite Aid and Dollar Tree on the ground floor, while the second floor is occupied by community-based organizations with long-term leases.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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