New York City · Commercial sale
Jacobs 1260 buys 1265 Oak Point Avenue in The Bronx for $21.6 million
A warehouse at 1265 Oak Point Avenue, The Bronx sold for $21,603,667 on August 20, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $21,603,667
- Sold
- August 20, 2026
- Property type
- Warehouse
- Building area
- 50,000 sq ft
- Price per sq ft
- $432
- Year built
- 1959
A warehouse at 1265 Oak Point Avenue in The Bronx sold for $21,603,667 on August 20, 2026, a price 2.7 times its recorded market value of $7,865,000, according to the New York City Department of Finance's ACRIS property records.
The record lists Oak Point Bergson Realty Corp. as the seller and Jacobs 1260, LLC as the buyer.
NYC Department of Finance records show 50,000 square feet of building area, a 1959 construction date and a 1.38-acre lot. The sale price works out to $432 per square foot.
What this sale costs to close
What does closing cost at this price? Under New York City custom the seller's larger charges are $567,096.26 for the nYC real property transfer tax (commercial/other) and $86,416 for the nY State real estate transfer tax. The seller's estimated net is $21,200,973 before brokerage commissions and any loan payoff. A cash buyer would need about $21,981,795 at closing.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026082600398001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
