Yang Family Sells Multifamily Property At 2336 Newbold Avenue For $1.4M With Brokers Jared Friedman Robert Rappa Noah Trugman

The property asset involved in this transaction is a multifamily building located at 2336 Newbold Avenue in Unionport, Bronx. The sale price of the property was $1,400,000, and it consists of 5 units spanning a total square footage of 3,950, resulting in a per-unit price of $280,000 and a price per square foot of $354.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,400,000
• Units: 5
• Square Footage: 3,950
• Price per Unit: $280,000
• Price per Square Foot: $354
• Seller: Yang Family
• Brokers: Jared Friedman, Robert Rappa & Noah Trugman - Investment Property Realty Group

This transaction was notable for the fact that four of the five apartments were delivered vacant at closing, indicative of the property's potential for immediate leasing or renovation as per the new owner's strategy.