Cedarbridge Management Acquires Multifamily Asset In Bronx From David Kornitzer For $5.7M

The property asset involved in this transaction is located at 1085-1095 Colgate Avenue & 1050 Wheeler Avenue in the Bronx market. This multifamily asset includes 84 units and encompasses a total square footage of 85,926. The transaction concluded at a sale price of $5,700,000, resulting in a price per unit of $67,857 and a price per square foot of $66.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,700,000
• Units: 84
• Square Footage: 85,926
• Address: 1085-1095 Colgate Avenue & 1050 Wheeler Avenue
• Market: Bronx
• Buyer: Cedarbridge Management
• Seller: David Kornitzer
• Broker Representatives: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group

This transaction highlights the roles of key individuals, with Cedarbridge Management acting as the buyer and David Kornitzer as the seller. The deal was facilitated by Aaron Jungreis, Ben Khakshoor, and Alex Fuchs, who represented the transaction through Rosewood Realty Group.