Joe Safdie Acquires Multifamily Property In Bronx For $610,000

The multifamily property located at 1050 Elder Ave in the Bronx has been sold in a recent transaction. The sale was facilitated by Joe Safdie, who acquired the property from Thomas Sepulveda. The deal was brokered by Steven Westreich from Estbridge Realty.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $610,000
• Building Square Footage (BSF): 4,860
• Price Per BSF (PPBSF): $125
• Total Square Footage (SF): 2,980
• Price Per Square Foot (PPSF): $204

JSAF Capital, represented by Joe Safdie, expressed their active interest in acquiring multifamily and industrial properties in Brooklyn, Bronx, and Queens. They can be contacted at [email protected]. Their deal preferences include properties ranging from 1-5 families, Alt 1 Deals, 6-50 units in the free market or stabilized, as well as industrial properties.

A loan for the property was provided by Ice Capital, known as one of the best lenders in the business. The loan was secured in under 2 days at a competitive rate. Additionally, a shout-out was given to Steven Westreich and his team for their efforts in putting this deal together.