Mark Edelstien Acquires Development/Multi Family Property In Bronx For $1,190,000

The property at 1775-1777 Weeks Ave, New York, located in the Bronx, was recently sold in a transaction that involved the development of a multi-family asset. The sale took place on August 15, 2018, and was facilitated by Gabi Peretz and Danny Laniado from Really NY LLC, representing the buyers. The sellers of the property were Angel Riverra and Folger Property Corp.

Summary of transaction details:

• Property Type: Development / Multi Family
• Transaction Amount: $1,190,000
• Address: 1775-1777 Weeks Ave, New York
• Market: Bronx

Mark Edelstein was the buyer in this transaction. The property consists of a total of 30,500 square feet, with a combined lot size of 55x95. The price per square foot was $39, and there are a total of 7 units in the property, resulting in an average price per unit of $170,000. Gabi Peretz and Danny Laniado of Really NY LLC were successful in convincing both sellers to agree to the sale, allowing for the combination of the lots into the 30,500 square foot property.