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Industrial Sites Go to Market in Bronx’s Port Morris
Ariel Property Advisors has been retained to sell two contiguous properties in the Port Morris section of the South Bronx for $16.25 million. The block-through properties at 805 E. 139th St. and 820 E. 140th St. total 77,000 square feet.
Located in both an Opportunity Zone and an Industrial Business Zone, the properties present a strategic opportunity for both owner-users and investors to capitalize on the high demand for industrial and warehouse space in the New York metropolitan market, says Ariel. The firm’s Jason M. Gold, Michael A. Tortorici, Victor Sozio, and Daniel Mahfar are representing the seller.
“The industrial warehouse and storage market are at a 10-year high in dollar and transaction volume in the Bronx,” said Gold. “The borough offers accessibility in a competitive geography, and this asset is both a strategic investment and business empowerment solution in a prime location.”
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