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

Property Image
SOLD
$1,060,000

New York

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MultiFamily5,625 SF
Sold 01/08/2019
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Property Image
SOLD

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

1713 Zerega Avenue, Bronx, NY 10462

See Similar Deals
MultiFamily5,625 SF
Sold 01/08/2019
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$188
Total Square Footage:5,625 SF
Transaction Type:Sale

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.

Players

Lins Agokeng
XRE NY
Lins Agokeng
2 deals$3.8M volume
BROKER

Details

SOLD
IMAGE: Lins Agokeng DATE: 01/08/2019 ADDRESS: 1713 Zerega Avenue MARKET: Castle Hill, Bronx ASSET TYPE: Multifamily SELLER: Anthony Milanese - 1713 Zerega Realty LLC BUYER: Tom Steiner - Zerega Realty Associates BROKER: Lins Agokeng @XRE.NY SALE PRICE: $1,060,000 SF: 5,625 ~ PPSF: $188 NOTES: Value Add opportunity with 6 occupied units and 1 vacancy. The building generates $86,000/year in gross income.

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