University Avenue Properties Sold for $10.8M

NEW YORK—Massey Knakal Realty Services has sold a portion of the University Avenue Portfolio, a collection of four contiguous institutional buildings, one indoor parking garage and five adjacent parking/development lots, located in the Highbridge section of the West Bronx.

The properties are located at 930, 950, 969-973 and 998 University Avenue. The portfolio sold for $10.8 million.

Director of Sales Nicholas Burns who exclusively handled this transaction with First Vice President of Sales David Simone.

Overlooking the Harlem River, the building totals approximately 142,000 sq. ft. of space, 50 percent of which is office space and 50 percent of which is warehouse space. In addition, indoor parking for approximately 15 cars is offered.

With direct access to the interstate highway system, the site benefits from easy access to Manhattan, Westchester and New Jersey via the George Washington Bridge, along with multiple public transportation options.

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