Ariel Property Advisors Represents Sale Of Multi-Family Property In Bronx For $7.5M

The property involved in the transaction is a multi-family asset located at 2460 Grand Avenue & 636-646 East 231st Street in the Bronx, specifically in the Fordham Manor and Wakefield markets. The sale price for this property was $7,500,000. It consists of 143 units spread over a total square footage of 140,470, resulting in a price per unit of $52,447 and a price per square foot of $53.

Summary of transaction details:

• Property Type: Multi-Family
• Transaction Amount: $7,500,000
• Units: 143
• Square Footage: 140,470
• Price Per Unit: $52,447
• Price Per Square Foot: $53

The brokers representing this transaction were Sam Schertz, Daniel Mahfar, and Erik Moloney from Ariel Property Advisors. They specialize in multifamily units in the Bronx, boasting over 2,000 units available, including free market assets, rent stabilized, and value-add affordable portfolios.