Marcus & Millichap And ZP Realty Capital Sell North Bronx Multifamily For $7.9M

A multifamily property located at 2476 Webb Avenue & 2485 Devoe Terrace in the North Bronx, Bronx, was recently sold for a price of $7,900,000. The property consists of 67 units, with a per unit price of approximately $117,910. The total square footage of the property is 75,000, resulting in a price per square foot of $105.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,900,000
• Units: 67
• Price Per Unit: $117,910
• Square Footage: 75,000
• Price Per Square Foot: $105
• Address: 2476 Webb Avenue & 2485 Devoe Terrace, North Bronx, Bronx

The sale of this multifamily property was facilitated by Seth Glasser, Mike Fusco, Benny Katz, and Joe Koicim from Marcus & Millichap, along with Israel Lieberman from ZP Realty Capital.