SKF Development Acquires Mid Development Multifamily Building In Bronx For $16.1M

A mid-development multifamily building located at 3254 Parkside Place in the Bronx has been sold in a recent transaction. The property, spanning 98,158 square feet, consists of 98 residential units and a 51-car garage. The sale price for this asset was $16,062,500, resulting in a price per square foot of $163.

Summary of transaction details:

• Property Type: Mid Development Multifamily Building
• Transaction Amount: $16,062,500
• Address: 3254 Parkside Place
• Market: Bronx

The buyer in this transaction was SKF Development represented by Greg Roberts. On the other side, the seller was Spaxel Development represented by Granit Gjonbalaj. Cushman & Wakefield acted as the brokers for the deal, with Jonathan Squires, Josh Neustadter, and Jordan Sutton playing a crucial role in facilitating this transaction.