34-Year Bronx Leasehold Sells for $18.4M

Source: Commercial Observer

A 34-year leasehold on a newly constructed two-story retail and office building with a 74-car parking garage in the Morrisania section of the Bronx sold last week for $18.4 million, Commercial Observer has learned. The 53,705-square-foot building and 24,300-square-foot parking garage is located at 840 Westchester Avenue on the southeast corner of Westchester and Longwood Avenues. The building includes 83,321 square feet of air rights. Existing tenants are Rite Aid, Children’s Health Fund, St. Dominic’s Home and Empire Parking. Read full story

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