1040 East 149 Street

Owner: Sprague

Acquired: April 04, 2023, $73.5 million

Debt: September 13, 2024, $19.2 million

Built: 1935

Renovated: 1997

SF: 7,480

Dwelling units: 0

No. of buildings: 3

Class: Tank Farms (F8)

Floors: 2

Transactions:

• Sprague borrowed $19.2 million from Rabobank for 1040 East 149th Street, 1020 East 149th Street, N/A East 141st Street, N/A East 149th Street, N/A East 149th Street, and others, Mott Haven, Bronx on September 13, 2024.

• Buckeye Partners sold 1040 East 149th Street, 1020 East 149th Street, N/A East 141st Street, N/A East 149th Street, N/A East 149th Street, and others, Mott Haven, Bronx for $73.5 million to Sprague on April 04, 2023.

Development:

• Monika Niedbala filed plans for alteration in Mott Haven, Bronx, on January 21, 2020.

• John Vanlenten filed plans for alteration in Mott Haven, Bronx, on November 19, 2020.

• Martin Rosenman filed plans for alteration in Mott Haven, Bronx, on May 21, 2008.

• Darius Sweet filed plans for alteration in Mott Haven, Bronx, on June 10, 2010.

• Sweet Darius filed plans for alteration in Mott Haven, Bronx, on April 28, 2010.

Violations:

According to city public data, the properties have received three DOB violations and $350 in OATH penalties in the last year.

Latest Stories:

• Energy company Sprague pays $73.5M to Buckeye Partners for six properties in Bronx (April 05, 2023)

• Global fund manager IFM Investors acquires petroleum distributor with property worth $92M in Red Hook, Port Morris (April 27, 2020)