Paul Gjonaj Acquires 50-Unit Multifamily Property In Morris Park, Bronx For $10M

The multifamily property located at 1150 Pelham Parkway South in Morris Park, Bronx has been sold in a closed transaction. The property spans a total area of 57,558 square feet and consists of 50 units. The sale price for the property was $10,000,000, resulting in a price per square foot of $173. The buyer, Paul Gjonaj, acquired the property from the Traficante Family, represented by Robert Shapiro, Michael Fioravanti, and others.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,000,000
• Square Footage: 57,558
• Price per Square Foot: $173
• Number of Units: 50

Aaron Jungreis from Rosewood Realty acted as the buyer's representative in the deal, facilitating the transaction on behalf of Paul Gjonaj. Traficante Family was represented by Robert Shapiro, Michael Fioravanti, and other professionals.