Monarch Realty Acquires Mixed-Use Property In Bronx, New York For $8.15M

The property at 1027-1029 Westchester Avenue in the Bronx, New York, was recently sold in a closed transaction. The sale was finalized on August 8, 2018, and the property is categorized as mixed-use, featuring both residential and commercial units. The buyer, Monarch Realty, represented by Frank & Kevin Shahery, acquired the property from Joseph Nieves. The transaction was facilitated by Jonathan Bichoupan and Daniel Hakimian, brokers from Highcap Group. The sale price for the property was $8,150,000, and it comprises 32 residential units and 5 retail spaces.

Summary of Transaction Details

• Property Type: Mixed-Use
• Transaction Amount: $8,150,000
• Address: 1027-1029 Westchester Avenue, Bronx, New York
• Market: Bronx
• Buyer: Monarch Realty - Frank & Kevin Shahery
• Seller: Joseph Nieves
• Brokers: Jonathan Bichoupan and Daniel Hakimian of Highcap Group
• Units: 32 Residential Units + 5 Retail Spaces

Monarch Realty, represented by Frank & Kevin Shahery, has shown interest in acquiring multifamily, mixed-use, and development properties in all five boroughs of New York City. For any potential opportunities, please contact Samuel Eshaghoff at [email protected].