Neer Sachar Acquires Mixed-Use Property In Melrose, Bronx For $850K

Located at 710 Courtlandt Avenue in the Melrose neighborhood of the Bronx, this mixed-use property has been sold in a recent transaction. The sale took place on July 8, 2021, and the property is comprised of a total of 6,075 square feet of building space, with a price per square foot of $139. The property consists of 5 units, with each unit having an average price of $170,000.

Summary of transaction details:

• Property Type: Mixed-use
• Sale Price: $850,000
• Building Square Footage: 4,675
• Price Per Square Foot: $181
• Number of Units: 5

The buyer of the property is Neer Sachar, while the seller is the Courtlandt Avenue Trust, represented by Gloria Frascone. The transaction was facilitated by broker Adam Traub. The purchase price for this property is reported to be $850,000.

It is worth noting that Sunrise Equities, led by Neer Sachar, is actively searching for off-market multifamily and mixed-use investments in New York City, with a preference for the Bronx and Harlem. Neer Sachar can be reached at [email protected] or contacted directly at (516) 776-3195.