Eduart Shllaku Acquires 88-Unit Multifamily Building In Unionport Bronx From Scharfman Organization For $9.7M

A multifamily asset consisting of 88 units was sold at 1265 Olmstead Avenue, located in the Unionport neighborhood of Bronx. The property was acquired for $9,700,000, equating to $110,227 per unit and $105 per square foot. The total area of the building is 92,666 square feet.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,700,000
• Address: 1265 Olmstead Avenue
• Market: Unionport, Bronx
• Units: 88
• PPU: $110,227
• SF: 92,666
• PPSF: $105
• Buyer: Eduart Shllaku
• Seller: Mark Scharfman - Scharfman Organization

Eduart Shllaku, acting through Olmstead Avenue Realty LLC, executed the purchase of the 88-unit elevator building from the Scharfman Organization.