Craig Nassi Acquires Multifamily Property In Fordham, Bronx For $9M

Located at 2088 Valentine Avenue in the Fordham neighborhood of Bronx, this multifamily property was recently sold in a closed transaction. The property consists of a development site with 48 units and measures 80x90 in size. It features 23 parking spaces and all units are two bedrooms. The sale price for this property was $9,000,000, with a building square footage of 35,000, resulting in a price per square foot of $257. The transaction was facilitated by Westbridge Realty's Ike Shrem, who represented both the seller, Mercedes Guillermo Reyes, and the buyer, Craig Nassi. The financing for the deal was provided by @5Arch_Funding.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $9,000,000
• Address: 2088 Valentine Avenue, Fordham, Bronx
• Market: Fordham, Bronx
• Seller: Mercedes Guillermo Reyes
• Buyer: Craig Nassi
• Lender: @5Arch_Funding
• Broker: @IkeShrem - Westbridge Realty

With its prime location in Fordham, this multifamily property presents an opportunity for future development. The transaction involved key individuals and companies, including the seller, Mercedes Guillermo Reyes, and the buyer, Craig Nassi. The deal was successfully negotiated by Ike Shrem from Westbridge Realty.