Neer Sachar Acquires Multifamily Property On Forest Avenue In Bronx For $485K

1131 Forest Avenue is a multifamily property located in the historic Morris High School landmark district of Morrisania in the Bronx. This property was recently acquired through a bankruptcy auction. With a total square footage of 3,055, the property offers ample space for residents. The sale price for 1131 Forest Avenue was $485,000, resulting in a price per square foot of $158.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $485,000
• Address: 1131 Forest Avenue
• Market: Bronx

Neer Sachar was the buyer of 1131 Forest Avenue, while James Mcgown acted as the seller in this transaction.

It is worth mentioning that the property's acquisition was made possible through a bankruptcy auction. Neer Sachar, the buyer, plans on restoring and preserving this property located in the Morris High School landmark district of Morrisania.