Derrick Lovett Of MBD Community Housing Acquires Multifamily Buildings In Bronx For $32.3M

The transaction involved the sale of three multifamily walkup buildings located at 2160 Walton Avenue and 1851-1859 Walton Avenue in the Bronx. The assets comprise a total of 127 units and offer 194,605 buildable square feet. The sale was concluded for a price of $32,300,000, resulting in a price per buildable square foot of $166.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $32,300,000
• Address: 2160 Walton Avenue & 1851-1859 Walton Avenue
• Market: Bronx
• Buyer: Derrick Lovett - MBD Community Housing
• Seller: Arturo Suarez - Neighborhood Restore
• BSF: 194,605
• PPBSF: $166

Derrick Lovett represents MBD Community Housing in this transaction, while Arturo Suarez represents Neighborhood Restore. The deal involved the acquisition of three buildings, expanding MBD Community Housing's portfolio in the Bronx area.