Josh Goldstein Acquires Bronx Multifamily Portfolio From Edgar Casablanca For $12.65M

This transaction involves a multifamily asset located at 1111 Ward Avenue, 2486 Morris Avenue, 2494 Morris Avenue, 255 East 188th Street, 261 East 188th Street, and 267 East 188th Street in the Bronx. The property was sold for a total of $12,650,000 and consists of 165 units, with a price per unit of $76,667. It has a total square footage of 138,360 and a price per square foot of $91. The gross rental multiple is recorded at 3.8x.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,650,000
• Units: 165
• Price Per Unit: $76,667
• Square Footage: 138,360
• Price Per Square Foot: $91
• Gross Rental Multiple: 3.8x
• Buyer: Josh Goldstein
• Seller: Edgar Casablanca
• Brokers: Aaron Jungreis, Ben Khakshoor & Alex Fuchs - Rosewood Realty Group

The transaction featured Josh Goldstein as the buyer and Edgar Casablanca as the seller. The brokers facilitating the deal were Aaron Jungreis, Ben Khakshoor, and Alex Fuchs from Rosewood Realty Group, representing both sides in this multifamily property transaction.