03/07/2019

On the Scene: Besen Partners Announced the Sale of 2507-2513 East Tremont Avenue, Bronx

2507-2513 East Tremont Avenue, Bronx, sold for $1,034,000 which translates to $275 PPSF. Ron Cohenexclusively represented the seller and procured the purchaser in the transaction. Built by current and sole owner circa 1950, the 2-story, 3,760 s/f mixed-use building contains three office units, 930 s/f rented basement, one two bedroom apartment and curb cut driveway with parking for five cars. It is one of the largest Bronx hub sites for the T-Mobile DAS (Distributed Antenna System) telephone exchange, which has invested approximately $350-to-$450,000 into this location. The Property offers stable cash-flow with credit tenant T-Mobile. The Property has been meticulously maintained by ownership, with numerous capital improvements including roof, electrical and façade upgrades.

 

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