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Mixed-Use Changes Hands in Pelham Bay

Cushman & Wakefield arranged the sale of 1524-1526 Mayflower Ave., a 6,600-square-foot mixed-use property in the Pelham Bay neighborhood of the Bronx. The final sale price was $1,300,000.
 
A Cushman & Wakefield team of Jonathan Squires and Michael Fioravanti represented the seller. 
 
“This mixed-use property features a deli, two offices, two apartments, two garages and a parking lot,” said Squires. “Properties like this offer stability through diverse income streams, making them highly desirable sound investments.”
 
1524-1526 Mayflower Ave. is a three-story, mixed-use building located on the northeast corner of Wellman Avenue and Mayflower Avenue. The building contains seven total units, including one four-bedroom apartment, one three-bedroom apartment, three ground floor commercial units and a contractor’s yard with two garages. 
 
The property is situated in proximity to multiple nearby medical institutions, including Jacobi Hospital, Albert Einstein College of Medicine, Bronx Behavioral Health Center, Montefiore Medical Park and Calvary Hospital. 

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About Paul Bubny

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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