Baruch Teitelbaum Acquires Multifamily Portfolio In Yonkers For $5.75M

The multifamily property located at 176 Palisades Ave., 178 Palisades Ave., 148 Hawthorne Ave., 484 Walnut Ave., and 30 Herriot Pl. in Yonkers has been sold in a recent transaction. The sale took place on 12/11/2020. The property consists of 37 units and was sold for a total price of $5,750,000, resulting in a price per unit of $155,000. The transaction was facilitated by brokers Yael Ishakis and Molly Gross.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,750,000
• Buyer: Baruch Teitelbaum
• Seller: Alen Ruvin
• Brokers: Yael Ishakis & Molly Gross

Baruch Teitelbaum, the buyer, acquired the property from Alen Ruvin. The transaction was successfully completed with the assistance of brokers Yael Ishakis and Molly Gross. The property presents a prime investment opportunity in the Yonkers market.