Joel Guttman Purchases Multifamily Property In Mount Eden For $1.2M

The multifamily property located at 1545 Selwyn Avenue in Mount Eden, Bronx, was sold for $1,200,000. The building, spanning 4,672 square feet, consists of 3 units, resulting in a price per unit of $400,000 and a price per square foot of $257. The transaction involved the buyer, Joel Guttman, and the seller, Elba Trujillo. The property was sold by the team of brokers from Investment Property Realty Group, namely Derek Bestreich, Steve Reynolds, Brian Davila, and John Loch.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,200,000
• Units: 3
• Square Footage: 4,672
• Price per Unit: $400,000
• Price per Square Foot: $257
• Buyer: Joel Guttman
• Seller: Elba Trujillo
• Brokers: Derek Bestreich, Steve Reynolds, Brian Davila, and John Loch - Investment Property Realty Group

The property at 1545 Selwyn Avenue was delivered vacant and is planned to be converted into 10 apartments, as noted by the brokers involved in the transaction.