{"id":1004383733,"date":"2020-01-20T02:59:18","date_gmt":"2020-01-20T10:59:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004383733"},"modified":"2020-01-20T02:59:18","modified_gmt":"2020-01-20T10:59:18","slug":"bronx-office-building-trades-for-65m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bronx-office-building-trades-for-65m\/","title":{"rendered":"Bronx Office Building Trades for $65M"},"content":{"rendered":"
\"\"<\/a>

The Bruckner Building. Image via Google Street View<\/em><\/p><\/div>\n

The joint venture between Savanna and Hornig Capital Partners has sold The Bruckner Building, a 188,000-square-foot office asset in Bronx, N.Y., to ZG Capital Partners. JLL represented the seller in the $65 million transaction.<\/p>\n

The eight-story asset came online in 1928 and was renovated by the previous ownership in 2016. Areas upgraded include the lobby, entrance, elevators, roof and lounges. The building will benefit from a 25-year Industrial and Commercial Abatement Program that is set to begin this year and will reduce the taxes payable on the property through its expiration.<\/p>\n

Located at 2417 Third Ave., in the Mott Haven neighborhood, the asset is just off Interstate 87 and within walking distance of two subway stations. The Bruckner Building is 7 miles from LaGuardia Airport and 5 miles from Grand Central Station and a $3 billion development<\/a> scheduled for completion this year.<\/p>\n

The JLL team overseeing the sale included Bob Knakal, Stephen Palmese, Jonathan Hageman, George D\u2019Ambrosio and Frank Dalicandro.<\/p>\n","protected":false},"excerpt":{"rendered":"

The previous owner renovated the 188,000-square-foot asset in 2016, upgrading its lobby, entrance and elevators.<\/p>\n","protected":false},"author":868,"featured_media":1004383739,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1600,21742,10,21747],"tags":[46127,32796,38018],"class_list":["post-1004383733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-new-york","category-latest","category-northeast","category-office","tag-hornig-capital-partners","tag-jll","tag-savanna"],"acf":[],"yoast_head":"\nBronx Office Building Trades for $65M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bronx-office-building-trades-for-65m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bronx Office Building Trades for $65M\" \/>\n<meta property=\"og:description\" content=\"The previous owner renovated the 188,000-square-foot asset in 2016, upgrading its lobby, entrance and elevators.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bronx-office-building-trades-for-65m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-20T10:59:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/The-Bruckner-Building-e1579511868108.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1175\" \/>\n\t<meta property=\"og:image:height\" content=\"881\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bronx-office-building-trades-for-65m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bronx-office-building-trades-for-65m\/\",\"name\":\"Bronx Office Building Trades for $65M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bronx-office-building-trades-for-65m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bronx-office-building-trades-for-65m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/The-Bruckner-Building-e1579511868108.jpg\",\"datePublished\":\"2020-01-20T10:59:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bronx-office-building-trades-for-65m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bronx-office-building-trades-for-65m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bronx-office-building-trades-for-65m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/The-Bruckner-Building-e1579511868108.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/The-Bruckner-Building-e1579511868108.jpg\",\"width\":1175,\"height\":881,\"caption\":\"The Bruckner Building. 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