The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

A 25,000 square foot warehouse at 585 Wales Avenue located on the southwest corner of Wales Avenue and East 150th Street was sold in an all cash transaction valued at $1,300,000.

The subject property is a five-story plus basement which was formerly used as an office/warehouse space. The building lies in a R7-1 zone ideally situated for residential conversion. The sale price represented $52 per square foot.