RJ Block Acquires Multifamily Asset At 1334 Louis Niñé Boulevard For $42M From Louis Jennings

The property asset involved in this transaction is a multifamily unit located at 1334 Louis Niñé Boulevard & 870 Jennings Street in the Bronx. The sale price of the property was $42,000,000. This multifamily complex consists of 209 units and has a total square footage of 282,870, resulting in a price per unit of $200,957 and a price per square foot of $148. The 1334 Louis Niñé is noted to be a LIHTC deal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $42,000,000
• Buyer: RJ Block
• Seller: Louis Jennings
• Brokerage Firm: Rosewood Realty Group
• Brokers Involved: Ben Khakshoor, Aaron Jungreis, Alex Fuchs & Mike Kerwin
• Units: 209
• Square Footage: 282,870
• Price Per Unit: $200,957
• Price Per Square Foot: $148
• Combined Loan Assumption: approximately $34M

The key individuals involved in this transaction include RJ Block as the buyer and Louis Jennings as the seller. The brokerage effort was represented by Ben Khakshoor, Aaron Jungreis, Alex Fuchs, and Mike Kerwin from Rosewood Realty Group. The transaction reflects significant collaboration among these brokers and their expertise in handling such multifamily properties.