LAL Property Management Acquires Multi Family Portfolio In Bronx For $25M
SOLD
New York
See Similar DealsMultiFamily45,000 SF
Sold 11/29/2020
SOLD
LAL Property Management Acquires Multi Family Portfolio In Bronx For $25M
213 W 238th St #217, The Bronx, NY 10463, USA
See Similar DealsMultiFamily45,000 SF
Sold 11/29/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:45,000 SF
Transaction Type:Sale
The property involved in this closed transaction is a multi-family asset located at 213-217 West 238th Street and 3804-3808 Bailey Avenue in New York City's Bronx market. The property spans a total of 45,000 square feet and was sold for a total price of $25,000,000, with each unit priced at $12.5 million. The price per square foot for this transaction was $277.78.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $25,000,000
- Address: 213-217 West 238th Street and 3804-3808 Bailey Avenue
- Market: Bronx
- Price per Square Foot: $277.78
The seller of this property was The Related Companies, represented by Stephen Ross and Jeff Blau. The buyer in this transaction was LAL Property Management.
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Cash Flow (Annual)$0.00
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