Jacob Broitman Acquires Multifamily Property On Crotona Avenue In Belmont For $750K

Located at 2411 Crotona Avenue in Belmont, Bronx, this multifamily property was recently sold in a closed transaction. The property spans 3,350 square feet and was sold for a total price of $750,000, resulting in a price per square foot of $223.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $750,000
• Square Footage: 3,350
• Address: 2411 Crotona Avenue, Belmont, Bronx
• Market: Belmont, Bronx

Steve Woods was the seller of the property, while the buyer was Jacob Broitman. The deal was facilitated by Westbridge Realty Group, with Menachem Babayov and Eli Greenberg serving as the brokers in the transaction.

It is worth noting that at the time of closing, the 4-family property had 2 vacancies. However, based on pro-forma calculations, it is projected to have an 8.5% cap rate.