Michael Kason Sells Multifamily Asset At 1154 Ward Avenue Bronx For $7.5M With Marcus & Millichap

The property asset involved in this transaction is a multifamily building located at 1154 Ward Avenue in the Bronx. The sale price of the property was $7,500,000, and it comprises 95 units. The total square footage of the building is 90,000, resulting in a per unit price of $78,947 and a price per square foot of $83.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,500,000
• Units: 95
• Total Square Footage: 90,000
• Price Per Unit: $78,947
• Price Per Square Foot: $83
• Address: 1154 Ward Avenue
• Market: Bronx
• Seller: Michael Kason
• Broker Representatives: Seth Glasser, Michael Fusco & Benjamin Myerow - Marcus & Millichap

The individuals involved in this deal include seller Michael Kason and brokers Seth Glasser, Michael Fusco, and Benjamin Myerow, all of whom represent Marcus & Millichap in the transaction. Their collaborative efforts facilitated the sale of the multifamily asset, highlighting the role of professional brokerage in real estate transactions.