InterVest Capital Partners Acquires Multifamily Properties In Bronx For $65M

The multifamily property located at 1098-1114 Gerard Avenue, 1197 Grand Concourse, 1065 Jerome Avenue, 1534 Selwyn Avenue, 2543-2567 Decatur Avenue, 2608 Creston Avenue, and 2353-3257 Crotona Avenue in the Bronx has been sold. The transaction took place on January 31, 2023.

Summary of Transaction Details

• Property Type: Multifamily
• Sale Price: $65,000,000
• Square Footage: 497,824 SF
• Price per Square Foot: $131
• Market: Bronx

The buyer of the property was InterVest Capital Partners, while the seller was Taconic Partners and Clarion Partners. The deal was facilitated by brokers Adam Spies, Adam Doneger, and Eric Roth from Cushman & Wakefield.

Adam Spies, Adam Doneger, and Eric Roth represented the buyer, InterVest Capital Partners, in the transaction.