Buckeye Partners Sells Bronx Petroleum Storage Site for $74M
04.10.2023 By Ricardo Perez - NEWS

April 10, 2023 [Commercial Observer] – Petroleum distributor Buckeye Partners sold its Bronx gas storage site at 1020 and 1040 East 149th Street for $73.5 million, according to property records made public Tuesday.

 

An entity that shares an address with energy supplier Sprague Energy bought the three buildings, used to store petroleum products before they are shipped to gas stations and other businesses, in a deal that closed March 31, according to property records.

Buckeye scored a pretty penny for the site, having purchased it for just $10 million in 2013 from energy firm Hess, according to property records.

The Bronx site, on the East River waterfront, is one of a handful of properties Buckeye owns in New York. Other assets include fuel pipelines to LaGuardia Airport and JFK Airport and more than 18 million barrels of petroleum storage space around New York Harbor, according to the Buckeye website.

But unlike the rest of Buckeye’s portfolio, 1020 and 1040 East 149th Street are known for more than just oil. The properties once moonlighted as a filming location for Hulu’s television series “Only Murders in the Building,” starring Martin Short, Steve Martin and Selena Gomez, Untapped Cities reported.

Spokespeople for Buckeye and Sprague did not immediately respond to requests for comment. It was not immediately clear who brokered the sale.

—–
Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Heikki Malinen Appointed as the President and CEO of Neste
05.03.2024 - NEWS
May 03, 2024 [Petrol Plaza]- Neste Corporation’s Board of Directors has appointed Heikki Maline... Read More
Belgian Port Plans to Build €250m Hydrogen and Ammonia Export Terminal in Namibia
05.03.2024 - NEWS
May 03, 2024 [Esquare]- The Port of Antwerp-Bruges plans to build a €250 million ($267 million)... Read More
European Commission Grants €720 Million to Renewable Hydrogen Projects
05.03.2024 - NEWS
May 03, 2024 [Offshore Energy]- European Commission has awarded nearly €720 million to seven re... Read More
Rotterdam LNG Bunkering Volumes Jump in Q1
05.03.2024 - NEWS
May 03, 2024 [LNG Prime]- LNG bunkering volumes in the Dutch port of Rotterdam reached a record l... Read More