4341 Bullard Avenue Bronx NY stands as one of the North Bronx’s most significant industrial sales of the last decade. This 45,876-square-foot, logistics-ready property drew exceptional market interest thanks to its scale, premier location, and long-term tenancy. The transaction, expertly brokered by Choyce Peterson, Inc., highlights the enduring demand for well-situated industrial assets in New York City and demonstrates how strategic guidance and targeted marketing can deliver outstanding results for both sellers and buyers.
Client Testimonial
“This property has been in our family since it was built in 1961. This was an excellent time for us to place the property in the hands of a new owner and we’re very pleased with the favorable outcome that Scott and Alan helped us achieve.”
— Mark Silberman and Susan Dahlstrom, Sellers
How Did Choyce Peterson Achieve One of the Five Largest Industrial Sales in the North Bronx Over the Past Decade?
Choyce Peterson, Inc.’s Capital Markets team, led by Scott Peterson and Alan Peterson, brought significant value to this transaction. After providing strategic advice on valuation and leasing for nearly eighteen months, Choyce Peterson was appointed as the exclusive sales agent. The firm implemented a comprehensive marketing strategy—leveraging its extensive network, listing platforms, and social media channels—to maximize exposure and attract a wide array of prospective buyers, including developers, investors, and owner-occupants.
This competitive process generated significant interest, ultimately achieving one of the five largest industrial sales in the North Bronx over the past decade. Choyce Peterson’s deep market experience, disciplined process, and tenacious advocacy ensured a favorable outcome for the sellers.
Location Benefits: Why North Bronx Works
The North Bronx industrial corridor has long served as a cornerstone of New York City’s logistics and distribution network. 4341 Bullard Avenue stands out as a prime asset, situated less than 300 feet from direct access to the Bronx River Parkway, and in close proximity to major transportation routes including I-87, I-95, and Route 1. These logistical advantages make the property a natural hub for distribution, warehouse, and last mile users.
At the time of sale, this property offered more than twice the square footage and over three times the land of any other industrial building available in the North Bronx market, according to CoStar™. The area benefits from its established industrial infrastructure, proximity to a dense labor pool, and access to New York City’s vibrant commercial ecosystem. With increasing regulatory scrutiny potentially limiting future industrial development in the region, the value of existing, well-located assets like 4341 Bullard Avenue is only expected to increase.
Sale Details
Asset Type: Industrial Building
Location: 4341 Bullard Avenue, Bronx, NY
Sale Type: Seller Representation (Exclusive Listing)
Sale Price: $10,350,000
Size: 45,876 SF
Buyer: Bullard Properties LLC
Seller: Mark Silberman and Susan Dahlstrom
Broker: Choyce Peterson, Inc. (Scott Peterson, Vice President; Alan Peterson, Principal)
Buyer Representative: Michael Rao, New York Commercial Realty Group, LLC
Property Summary: Built for Modern Industrial Users
- Ceiling Height: 22 feet in warehouse area
- Loading Access: Six loading docks, one drive-in door
- Office Space: Approximately 4,000 SF
- Warehouse Space: Approximately 27,000 SF
Conclusion
The successful sale of 4341 Bullard Avenue underscores both the enduring value of strategically located industrial assets and the importance of experienced brokerage representation. For the sellers, this transaction marks the conclusion of multi-generational ownership dating back to 1961, and for the North Bronx market, it highlights the continued demand for scale-ready, logistics-oriented properties.
Frequently Asked Questions (FAQs)
What features made this property desirable to the buyer?
The property’s combination of scale, six loading docks, drive-in access, 22-foot ceiling heights, and proximity to major transportation corridors made it highly attractive for distribution and warehouse users.
Why was this location attractive?
Direct access to the Bronx River Parkway and close proximity to I-87, I-95, and Route 1 offer exceptional logistics advantages for serving the greater New York metropolitan area.
What challenges came up, and how were they solved?
Navigating a highly competitive sales environment, Choyce Peterson maximized market exposure and qualified interest by leveraging multiple platforms and their extensive network, ensuring optimal value for the sellers.
How significant was this sale in the North Bronx market?
According to CoStar™, this was one of the five largest industrial property sales in the North Bronx in the past ten years, with more than twice the square footage of any competing property.
What does this sale indicate about the industrial market?
With regulatory uncertainty constraining new development, demand for existing, large-scale industrial assets in New York City remains robust, particularly in established corridors like the North Bronx.
Ready to achieve similar results? Check out more of our successful transactions and client outcomes by visiting our Success Stories page.
