Heritage Affordable Communities Acquires Multifamily Property In Bronx For $10.8M

The Multifamily (Affordable Housing) property located at 1971 Webster Ave in Bronx, has been sold. The property was sold by MacQuesten Development to Heritage Affordable Communities. The sale took place on 01/11/2021 for a total price of $10,800,000.

Summary of transation details

• Property Type: Multifamily (Affordable Housing)
• Transaction Amount: $10,800,000
• Address: 1971 Webster Ave
• Market: Bronx

The property spans across 83,838 square feet, with a price per square foot of $128. It consists of 70 units, with an average price per unit of $154,285. The buyer in this transaction was Heritage Affordable Communities, while the seller was MacQuesten Development.