KSR Development And Klosed Properties Acquire Mixed-Use Asset In Bronx For $2.7M

The property involved in this transaction is a mixed-use asset located at 2486 Hughes Avenue in the Bronx. It includes 9 residential units and 1 retail space. The sale price for this property was $2,700,000, which translates to a price per unit of $270,000. The total square footage of the property is 7,915, resulting in a price per square foot of $341.

Summary of transaction details:

• Property Type: Mixed-use (9 Resi + 1 Retail)
• Transaction Amount: $2,700,000
• Units: 10
• Price per Unit: $270,000
• Square Footage: 7,915
• Price per Square Foot: $341
• Buyer: KSR Development & Klosed Properties
• Date of Sale: 5/6/2025
• Market: Bronx

The deal was represented by Morris Sabbagh and Ceasar Salama, who played key roles in facilitating the transaction between the involved parties.