CushWake Markets Quartet of Vacant New Builds in Bronx
Cushman & Wakefield has been retained to arrange the sale of The NewCo Portfolio: four vacant, new construction apartment buildings in the Bronx’s Longwood, Woodstock and Williamsbridge neighborhoods. In total, the portfolio contains 89 residential units and approximately 73,185 gross square feet.
The asking price is $25.75 million. Properties in the portfolio may be purchased either as a package or on an individual basis.
A team of Jonathan Squires, Robert M. Shapiro, Jordan Sutton, Michael Fioravanti, Josh Neustadter and Addison Berniker will represent the sellers in all marketing efforts.
“The NewCo Portfolio is an incredibly rare opportunity to acquire 89 newly-constructed vacant apartments in the Bronx,” said Squires. He added that future ownership will have “the rare opportunity to work with a government agency or nonprofit to lease each building.”
The portfolio includes 764 E. 152nd St., 915 Dawson St. (pictured), 1081 Tiffany St. and 770 E. 214th St.
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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