A ground lease for a newly completed 430-unit multifamily building in the Bronx has been sold for $105,357,142. The property, located at 224-228 East 135th Street, spans a total area of 423,950 square feet. The transaction took place on April 28, 2022, and involved the buyer Haven Capital and the seller Chess Builders. The building is classified as a multifamily asset and is situated in the Bronx market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $105,357,142
• Address: 224-228 East 135th Street
• Market: Bronx
• Buyer: Haven Capital
• Seller: Chess Builders
• Brokers: Helen Hwang, Brian Szczapa, Karen Wiedenmann, Yasmin Kheradpey & Isaac Filler - Meridian Capital Group
• Units: 430
• Square Footage: 423,950 SF

The ground lease transaction was facilitated by Helen Hwang, Brian Szczapa, Karen Wiedenmann, Yasmin Kheradpey, and Isaac Filler of the Meridian Capital Group, who represented both the buyer and the seller in the deal.