MADDD Equities Scoops Up Vacant West Farms Industrial

Ariel Property Advisors closed the sale of 425 Devoe Ave., a vacant multi-story industrial property in the West Farms neighborhood of The Bronx, for $10,750,000. The property spans 60,000 square feet above grade, which translates to $180 per square foot, with an additional 30,000 square feet below grade.

An Ariel investment sales team led by senior director Jason M. Gold, along with partner Sean R. Kelly, Esq. and director Daniel Mahfa represented the seller, Abingdon Square Partners. The buyer was MADDD Equities, LLC.

“The sale of 425 Devoe Ave. demonstrates the strong demand for large, commercial sites offering convenient regional access,” said Gold. Situated on a 40,097-square-foot lot, the property features four levels of usable industrial and warehouse space. It is located near the 2 and 5 subway lines and offers convenient access to the Cross Bronx Expressway, Sheridan Boulevard and the broader New York region.

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Ariel Property Advisors' Gold

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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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