Moshe Schreiber Purchases 1356 Clay Avenue Multifamily In Bronx For $1.1 Million

The property asset involved in the transaction is a MultiFamily building located at 1356 Clay Avenue in the Mount Eden neighborhood of Bronx. The sale price for the property was $1,100,000. The building consists of 3 units, with a price per unit of $366,666. The total square footage of the property is 3,490, resulting in a price per square foot of $315.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,100,000
• Units: 3
• PPU: $366,666
• SF: 3,490
• PPSF: $315
• Buyer: Moshe Schreiber
• Seller: Jacqueline Crawford & Carlos Crawford
• Brokers: Derek Bestreich, Steve Reynolds, Brian Davila, John Loch & Victor Price - Investment Property Realty Group (IPRG)

The transaction was carried out by several brokers from Investment Property Realty Group. The deal concluded with the property being delivered vacant, and the buyer has plans to convert the existing space into 10 apartments.