Michael Rubin Acquires MultiFamily In Bronx For $35M From Paradise Management

The eight-building multifamily package located at 159 W 228th St, New York, NY, 10463, consisting of six buildings in the Bronx and two in Marble Hill, was sold for $35,000,000.00. The properties, totaling 226 units, were acquired by Long Island landlord Michael Rubin from the seller Paradise Management.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $35,000,000.00
• Buyer: Michael Rubin
• Buyer's Representative: Steven Vegh()
• Seller: Paradise Management
• Address: 159 W 228th St, New York, NY, 10463
• Market: Bronx

The seller, Paradise Management, is a group of Brooklyn-based investors with a mailing address at 199 Lee Avenue in Williamsburg. The transaction marks the third time these properties have changed hands in the last five years.