Prana Investments Acquires Multifamily Property In Fordham, Bronx For $2.25M

Located at 2440 Webb Ave in Fordham, Bronx, this multifamily property recently changed hands in a sale transaction. The property, consisting of 21 units, spans across approximately 19,280 square feet. The sale price for this asset was $2,250,000, resulting in a price per unit of $107,142 and a price per square foot of $116. The transaction took place on May 20, 2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,250,000
• Market: Fordham, Bronx
• Buyer: Prana Investments - Richard Herman
• Seller: Buckingham Properties - Richard Cohen
• Broker: Ron Cohen - Besen Partners
• Units: 21
• Price per Unit: $107,142
• Square Footage: 19,280
• Price per Square Foot: $116

The buyer in this transaction was Prana Investments, represented by Richard Herman. On the other side, Buckingham Properties, represented by Richard Cohen, acted as the seller. The deal was facilitated by broker Ron Cohen from Besen Partners.