Ariel Property Advisors Sells 32 Unit Multifamily Property At 2235 Bassford Avenue For $1.575M

The property asset involved in this transaction is a multifamily building located at 2235 Bassford Avenue in the Belmont neighborhood of the Bronx. The sale price was set at $1,575,000, encompassing 32 units within a total square footage of 28,000, resulting in a price per unit of $49,218 and a price per square foot of $56.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,575,000
• Units: 32
• Square Footage: 28,000
• Price Per Unit: $49,218
• Price Per Square Foot: $56

The brokers representing the transaction are Daniel Mahfar, Jason M. Gold, and Gabriel Elyaszadeh from Ariel Property Advisors. This firm is currently marketing over 1,500 multifamily units and over 300,000 buildable square feet in the Bronx, which includes various market segments and conversion opportunities.