The old Mandee store on East Tremont Avenue in the southeastern neighborhood of Throggs Neck was just sold to the Ashkenazy Acquisition Corporation for $5.1 million according to Ariel Property Advisors who represented the seller in the transaction.
The property currently consists of a 15,000 square foot building which can be built up to 38,618 square feet using available 23,618 square feet in air rights.
Ashkenazy is no stranger in The Bronx as they purchased 949 Southern Boulevard in Hunts Point for $23 million in July 2013 and now have the property up for sale for $44 million.
The corporation also owns Cross Bronx Plaza on 174th Street in the West Farms section of the borough where IHOP and the Cablevision store is located, and not to mention many high-end properties across Manhattan and the country.
Throggs Neck residents, what do you think about this sale and the potential to more than double the size of the existing building?