Lightstone Group Acquires Multi-Family Asset In East Concourse, Bronx For $24.5M

A multi-family property located at 201 East 164th Street in the East Concourse neighborhood of Bronx, New York, was recently sold. The property consists of 130 units, including 129 residential units and 1 commercial unit. The sale was completed on January 15, 2019, with a sale price of $24,500,000. The total square footage of the property is approximately 135,000, resulting in a price per square foot of $182.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $24,500,000
• Address: 201 East 164th Street, East Concourse, Bronx
• Market: East Concourse, Bronx

Philip Schorr, the seller of the property, closed the deal with the buyer, Lightstone Group. In representing the buyer, Ariel Benyacov and Adam Traub from Westbridge Realty Group acted as brokers. The transaction was facilitated by the collaboration of these key individuals.