City Skyline Realty Acquires Multifamily Property In Kingsbridge For $9.7M

The multifamily property located at 226 West 242nd Street in Kingsbridge has been sold in a closed transaction. The property spans 61,500 square feet and consists of 61 units. The transaction was completed for a total price of $9,700,000, resulting in a price per square foot of $157 and a price per unit of $158,852.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,700,000
• Address: 226 West 242nd Street
• Market: Kingsbridge
• Size: 61,500 square feet
• Price per square foot: $157
• Number of units: 61
• Price per unit: $158,852

City Skyline Realty, represented by Douglas Peterson, acted as the buyer in this transaction. On the seller's side, Riverdale Court Inc, represented by Dawn Pohl, facilitated the sale of the property.