Multifamily Property At 1820 Loring Place South Sold For $4.25 Million In Bronx

1820 Loring Place South is a multifamily property located in the Bronx, featuring 73 units across 90,618 square feet. The property was sold for $4,250,000, equivalent to a price per unit of $58,219 and a price per square foot of $47. It is a fully rent-regulated, elevator building, well maintained by long-term ownership.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,250,000
• Units: 73
• Square Footage: 90,618
• Price Per Unit: $58,219
• Price Per Square Foot: $47
• Address: 1820 Loring Place South
• Market: Bronx

Robert Shapiro, Ian Brooks, Nicholas Kontos, and David Garcia from CBRE represented the transaction. The property was sold by long-term ownership, who effectively maintained and operated it throughout their ownership.