Taconic Investment Partners And Clarion Partners Acquire Multifamily Properties In Bronx For $27.9M

A multifamily property in the Bronx has been sold for $27.9 million. The property is located at 1534 Selwyn Avenue and 1197 Grand Concourse in the Bronx. It consists of two buildings with a total square footage of 80,800 for 1534 Selwyn Avenue and 59,100 for 1197 Grand Concourse. The property features a total of 131 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $27.9 million
• Address: 1534 Selwyn Avenue and 1197 Grand Concourse
• Market: Bronx
• Square Footage: 80,800 (1534 Selwyn) and 59,100 (1197 Grand Concourse)
• Units: 131

The seller of the property was Douglas Peterson from City Skyline Realty. The buyers were Taconic Investment Partners and Clarion Partners. The deal was facilitated by Ivan Hakimian and Josh Pomerantz.