@We.Build.This Acquires Multifamily Property On Colgate Avenue In Bronx From Alicia Fraser For $690K

The recently closed transaction on 1069 Colgate Avenue in Bronx, marked the sale of a multifamily property. The property, with a total square footage of 2,060, is zoned as R6, allowing for potential development opportunities. The sale was finalized on December 31, 2020, with a sale price of $690,000. In terms of price per square foot, the property was valued at $334. It consists of three units, resulting in a price per unit of $230,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $690,000
• Market: Bronx
• Address: 1069 Colgate Avenue
• Zoning: R6
• Total Square Footage: 2,060
• Price per Square Foot: $334
• Number of Units: 3
• Price per Unit: $230,000

The buyer in this transaction, @We.Build.This, acquired the property from Alicia Fraser. Naomi Wasserman & Michal Hod Kohav served as the representatives for both buyer and seller respectively.