SOLD
Related Fund Management Sells Bronx Multifamily To FBE Ltd. For $87.9M
2001-2045 Story Avenue
MultiFamily
421,833 SF
421,833 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
421,833 sqft
An multifamily property located at 2001-2045 Story Ave in the Bronx has been sold for a total price of $87,900,000. The property consists of 355 units and has a total square footage of 421,833. The price per square foot for this transaction was $208, and the price per unit was $247,605. This sale marks the largest single asset transaction in the Bronx since 2016, with a price of $248K per door.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $87,900,000
- Address: 2001-2045 Story Ave
- Market: Bronx
The seller of the property was Related Fund Management, while the buyer was FBE Ltd., represented by Abe Fruchthandler. Hodges Ward Elliott facilitated the transaction, with brokers Daniel Parker, Paul Gillen, Ariel Tambor, and Kyle Van Buitenen representing both the buyer and the seller.
Players
All
6
Agents
4
Agencies
2
Details
SOLD
IMAGE: Daniel Parker, Paul Gillen, Stephen Ross, @Ariel.Tambor, Kyle Van Buitenen
DATE: 04/09/2019
ADDRESS: 2001-2045 Story Ave
MARKET: Bronx
ASSET TYPE: Multifamily
SELLER: Related Fund Management
BUYER: FBE Ltd. - Abe Fruchthandler
BROKER: Daniel Parker, Paul Gillen, Ariel Tambor, Kyle Van Buitenen - Hodges Ward Elliott
SALE PRICE: $87,900,000
SF: 421,833 ~ PPSF: $208
PPU: $247,605
UNITS: 355
NOTE: $248K/door. Largest Single Asset Bronx Transaction since 2016.View on map
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Address2001-2045 Story Avenue
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