Yehia Family Purchases Mixed-use Property From Ramos Family For $1,350,000 In Van Nest Bronx

The property asset involved in this transaction is a mixed-use building located at 1707 Melville Street in the Van Nest neighborhood of the Bronx. It comprises 2 commercial units and 3 residential units, with a total of 5 units. The sale was completed at a price of $1,350,000, reflecting a per-unit price of $270,000 and a price per square foot of $312 across its total area of 4,320 square feet.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,350,000
• Units: 5
• Price Per Unit: $270,000
• Square Footage: 4,320
• Price Per Square Foot: $312
• Buyer: Yehia Family
• Seller: Ramos Family
• Broker: Jared Friedman - Investment Property Realty Group

The transaction involved key individuals including the buyer, Yehia Family, and the seller, Ramos Family. The broker representing the transaction was Jared Friedman from Investment Property Realty Group, facilitating the deal between the two parties.