Ryan & Bradley Zar Acquire 14-Unit Multifamily Property On Grand Avenue In Bronx For $2.1M

A multifamily property located at 2409-2411 Grand Avenue in Bronx has been sold for a total price of $2,075,000. The property consists of 14 units, with a price per unit of $148,214. It spans across 15,727 square feet, resulting in a price per square foot of $131. The transaction took place on January 19, 2021, and the property is zoned as R7-1. The sale represents a capitalization rate of 6.3%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,075,000
• Address: 2409-2411 Grand Avenue
• Units: 14
• Price Per Unit: $148,214
• Square Footage: 15,727
• Price Per Square Foot: $131
• Zoning: R7-1
• Capitalization Rate: 6.3%

The buyers of the property are Ryan and Bradley Zar. The seller in this transaction is Steve Satz. The deal was facilitated by brokers Jessica Pepe and Timour Shafran from Citicore.