Marcus & Millichap Sells Bronx Multifamily Asset At 1964 Grand Concourse For $2.9M

The property involved in this transaction is a multifamily asset located at 1964 Grand Concourse in the Bronx. The sale price for this asset was $2,900,000, which equates to a price per unit (PPU) of $72,500 and a price per square foot (PPSF) of $90. The property consists of 40 units and has a total square footage of 32,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,900,000
• Units: 40
• Price Per Unit: $72,500
• Square Footage: 32,000
• Price Per Square Foot: $90

The transaction was facilitated by brokers Seth Glasser, Michael Fusco, and Benny Katz, who represent Marcus & Millichap in this deal. Their involvement underscores the professional brokerage services provided in the multifamily property market.