Weiss Fund Acquires Multifamily Property From Goldstein Family In Bronx For $7.5 Million

The property asset involved in this transaction is a multifamily unit located at 1285 Edward L. Grant Highway in the Bronx. The sale price for the asset was $7,500,000. The property consists of 29 units and offers a total square footage of 27,066. The price per unit is recorded at $258,620, while the price per square foot stands at $277.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,500,000
• Buyer: Weiss Fund
• Seller: Goldstein Family
• Broker: Adam Traub
• Units: 29
• Square Footage: 27,066
• Price Per Unit: $258,620
• Price Per Square Foot: $277
• Market: Bronx

Adam Traub represented the transaction, facilitating the sale between the buyer, Weiss Fund, and the seller, Goldstein Family. His brokerage is involved in offering high-quality Bronx new construction deals along with multifamily opportunities that provide strong projected investor returns across the tri-state region.