Gagandeep Singh Purchases Multifamily Property At 1370 A & B Clay Avenue For $2.15M

The asset involved in this transaction is a multifamily property located at 1370 A & B Clay Avenue in the Mount Eden market of the Bronx. The sale was completed for a price of $2,150,000 and comprises 6 units. The total square footage of the property is 7,500, equating to a price per square foot of $286 and a price per unit of $358,333. Built in 2007, this property includes two buildings, each containing 3 free market apartments that were delivered fully occupied.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,150,000
• Address: 1370 A & B Clay Avenue
• Market: Mount Eden, Bronx
• Units: 6
• Square Footage: 7,500
• Price per Unit: $358,333
• Price per Square Foot: $286
• Buyer: Gagandeep Singh
• Seller: Valeriana Jedrzejczyk
• Brokers: Steve Reynolds, Brian Davila, John Loch, Carson Brantley & Katiuska Polanco - Investment Property Realty Group (IPRG)

This transaction highlights the collaboration of multiple brokers from Investment Property Realty Group (IPRG), representing both the buyer and seller throughout the process. The involvement of seasoned brokers suggests a thorough approach to the sale, addressing market conditions effectively for both parties involved.