The Reel

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A blog for breaking sales and neighborhood real estate news.

A mixed-use development site located at the former Stella D’oro Bakery at 184-190 West 237th Street, in the Kingsbridge/Riverdale neighborhood of the North Bronx, was sold in an all cash transaction valued at $18,750,000.

This level 5.2 acre (225,227 square foot) site is bounded by Broadway to the west, the Major Deegan Expressway to the east and West 238th Street. The site is currently occupied by a two-story factory building and a one-story garage/retail complex, totaling 167,000 square feet of above grade space. The location offers superb visibility, excellent surface street access, frontages on the MTA subway #1 train and service on multiple bus lines.

“We had tons of interest in the site, for almost every conceivable end use.  The site will be redeveloped into a 162, 000 square foot retail shopping center, anchored by a national Wholesale Club,” said Massey Knakal Director of Sales Karl Brumback who exclusively represented the sellers in this transaction.

Click here for press release

Neighborhoods: Riverdale, Kingsbridge/ Agents: Karl Brumback