Eric Koch Acquires Hotel In Bronx For $14 Million With Brokers Jonathan Squires Josh Neustadter Austin Weiner

This transaction involves a hotel property located at 2500 Crotona Avenue in the Bronx market. The sale price was $14,000,000 for a total square footage of 20,000, which equates to a price per square foot of $700. The property features 46 keys, leading to a price per key of $304,347.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $14,000,000
• Address: 2500 Crotona Avenue
• Market: Bronx
• Square Footage: 20,000
• Price per Square Foot: $700
• Number of Keys: 46
• Price per Key: $304,347
• Buyer: Eric Koch
• Seller: Mitchell Suss
• Brokers: Jonathan Squires, Josh Neustadter & Austin Weiner - Cushman & Wakefield

The deal was facilitated by the brokerage team from Cushman & Wakefield, comprising Jonathan Squires, Josh Neustadter, and Austin Weiner, representing both the buyer and the seller in this transaction.