Realterm pays $21M in Bronx, has bought $186M in two years

Logistics company Realterm through the entity Rlf III Baldwin St SPE, LLC paid $21 million to Ace Endico through the entity Baldwin-Endico Realty Associates Inc. for industrial (E9) at 4835 Baldwin Street in Bronx and industrial (F2) at 4825 Baldwin Street in Bronx.
The deal closed on November 12, 2021 and was recorded on November 30, 2021.
This is Realterm’s sixth purchase in New York City over the past two years, totaling $186 million.

The two properties have 37,984 square feet of built space and 67,949 square feet of additional air rights for a total buildable of 105,980 square feet according to PincusCo analysis of city data. The sale price per built square foot is $552 and the price per buildable square foot is $198 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Ace Endico was William Endico.

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