Glacier Equities Acquires Resi Co-op Package Deal In Fordham Heights For $23M

The Blaser Family has sold a package deal of residential co-ops located at 85 McClellan Street, 2265 University Avenue, 2420 Morris Avenue, 2830 Briggs Avenue, 3000 Valentine Avenue, 3245 Perry Avenue, 95 Park Terrace East, 57 Park Terrace West, and 2530 Independence Avenue in the neighborhoods of Concourse, University Heights, Fordham Heights, Fordham Manor, Bedford Park, Norwood, Inwood, and Spuyten Duyvil. The buyer, Glacier Equities represented by Myles Horn, acquired the properties for a total of $23,000,000. The deal includes 255 units with an average price per unit of $90,196. The total square footage of the properties is 225,549 with an average price per square foot of $102.

Summary of transaction details

• Property Type: Package Deal (Residential Co-op)
• Transaction Amount: $23,000,000
• Units: 255
• Price per Unit: $90,196
• Total Square Footage: 225,549
• Price per Square Foot: $102
• Market: Concourse, University Heights, Fordham Heights, Fordham Manor, Bedford Park, Norwood, Inwood, Spuyten Duyvil

The Blaser Family sold the package deal of residential co-ops to Glacier Equities, represented by Myles Horn. The transaction was facilitated by broker Mark Zborovsky.