Saqif Noor Purchases Multifamily Property At 1643 & 1645 Popham Avenue For $5 Million

The property asset involved in the transaction is a multifamily building located at 1643 & 1645 Popham Avenue in the Morris Heights neighborhood of the Bronx. The agreed sale price for this asset was $5,000,000. It boasts a building square footage of 17,200, leading to a price per building square foot of $290. In total, the property encompasses 15,225 square feet, translating to a price per square foot of $328. The property contains 18 units, resulting in a price per unit of $277,777. It falls under tax class 2B and has a zoning designation of R7-1.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,000,000
• Address: 1643 & 1645 Popham Avenue
• Market: Morris Heights, Bronx
• Building Square Feet: 17,200
• Price per Building Square Foot: $290
• Square Feet: 15,225
• Price per Square Foot: $328
• Units: 18
• Price per Unit: $277,777
• Tax Class: 2B
• Zoning: R7-1
• Buyer: Saqif Noor
• Seller: Gjek Popaj
• Broker: Adam Traub @Curb_Capital

Key individuals involved in the transaction include the buyer, Saqif Noor, and the seller, Gjek Popaj. The broker representing the deal is Adam Traub from Curb Capital, indicating the professional mediation that facilitated this multifamily transaction.