Yitzi Salamon Purchases 1234 College Avenue Multifamily In Concourse Village For $1.025M

The property involved in this transaction is a multifamily asset located at 1234 College Avenue in Concourse Village, Bronx. The sale price for this property was $1,025,000, comprising 2 units with a total square footage of 3,600. The price per unit was $512,500, while the price per square foot amounted to $284.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,025,000
• Units: 2
• Square Footage: 3,600
• Price Per Unit: $512,500
• Price Per Square Foot: $284
• Buyer: Yitzi Salamon
• Seller: Ken Weng

The transaction involved multiple brokers from Investment Property Realty Group (IPRG): Derek Bestreich, Steve Reynolds, Brian Davila, and John Loch. This property was delivered vacant and is set to be converted into 10 apartments.