SOLD
InterVest Capital Partners Acquires Bronx Multifamily Portfolio For $65M
1114 Gerard Avenue
MultiFamily
497,824 SF
497,824 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
497,824 sqft
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. The property spans a total of 497,824 square feet with an average price per square foot of $131. The deal was closed at a price of $65,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $65,000,000
- Square Footage: 497,824
- Price per Square Foot: $131
- Market: Bronx
The buyer of the property is InterVest Capital Partners, while the sellers are Taconic Partners and Clarion Partners. The brokers involved in the transaction were Adam Spies, Adam Doneger, and Eric Roth from Cushman & Wakefield.
Players
All
5
Agents
3
Agencies
2
Details
SOLD
IMAGE: Adam Spies, Adam Doneger & Eric Roth
DATE: 01/31/2023
ADDRESS: 1098-1114 Gerard Avenue, 1197 Grand Concourse, 1065 Jerome Avenue, 1534 Selwyn Avenue, 2543-2567 Decatur Avenue, 2608 Creston Avenue & 2353-3257 Crotona Avenue
MARKET: Bronx
ASSET TYPE: Multifamily
BUYER: InterVest Capital Partners
SELLER: Taconic Partners & Clarion Partners
BROKERS: Adam Spies, Adam Doneger (@ADoneger) & Eric Roth(@EricMRoth) - Cushman & Wakefield (@CushWake)
SALE PRICE: $65,000,000
SF: 497,824 ~ PPSF: $131View on map
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Address1114 Gerard Avenue
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