Tom Steiner - Zerega Realty Associates Acquires Multifamily Asset In Castle Hill, Bronx For $1.06M

Located in Castle Hill, Bronx, the multifamily property at 1713 Zerega Avenue has recently been sold. The transaction, which took place on 01/08/2019, involved the sale of a building with a total area of 5,625 square feet.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,060,000
• Address: 1713 Zerega Avenue
• Market: Castle Hill, Bronx

The seller, Anthony Milanese, represented by 1713 Zerega Realty LLC, sold the property to the buyer, Tom Steiner, who was represented by Zerega Realty Associates. The transaction was facilitated by broker Lins Agokeng from XRE.NY.

This value-add opportunity consists of six occupied units and one vacancy, generating a gross income of $86,000 per year. With a price per square foot of $188, this property offers potential for growth and development.