Moses Rabinowitz Acquires Belmont Multifamily For $1.11M

An apartment building located at 2427 Crotona Ave in the Belmont neighborhood has been sold for $1,110,000. The property is classified as a multifamily building with a tax class of 2A. The transaction took place on November 23, 2021. The buyer of the property is Moses Rabinowitz, while the sellers are Joseph and Gino Guadagno. The deal was facilitated by broker Ivane Koridze from VORO Real Estate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,110,000
• Market: Belmont
• Address: 2427 Crotona Ave
• Tax Class: 2A

The apartment building has a total of 12,000 buildable square feet. It consists of four units, making the price per unit $277,500. The building itself spans across 4,680 square feet, resulting in a price per square foot of $237. Noteworthy aspects of this investment include the fact that the property was delivered vacant, offering potential for new occupants. Additionally, the lot features a five-car parking garage.

If you are interested in similar selling or buying opportunities, you can contact Ivane Koridze from VORO Real Estate via phone at (917) 605-6657 or email at [email protected].