Isaac Malekan Acquires Mixed-use Property On Prospect Avenue From Gurinder Singh In Foxhurst, Bronx

A mixed-use property located at 1066 Prospect Avenue in the Foxhurst neighborhood of Bronx has been sold in a closed transaction. The property spans across 10,838 square feet and includes a total of 5 units. The asking price for this property was $2,500,000, and it was eventually sold for $2,100,000, which translates to a price per square foot of $194. The deal was finalized on July 14, 2020.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $2,100,000
• Square Footage: 10,838
• Asking Price: $2,500,000
• Price per Square Foot: $194

Gurinder Singh, the seller of the property, entered into an agreement with Isaac Malekan, who became the new owner. The deal was facilitated by Richard Torres and Cayce Ortale, who represent RAS Equity Partners in this transaction.