A multifamily property located at 2200 Powell Ave. in the North Bronx was recently sold for a total of $20,000,000. The property consists of 140 units, resulting in a price per unit of $142,857. The total square footage of the property is 115,904, with a price per square foot of $172.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $20,000,000
• Units: 140
• Price per Unit: $142,857
• Square Footage: 115,904
• Price per Square Foot: $172
• Address: 2200 Powell Ave.
• Market: North Bronx

The sale of the property was facilitated by Lev Mavashev, Yehuda Leser, and Solomon Davydov from Alpha Realty, representing the Hofer Family, the sellers of the property.