Yechiel Weinberger Acquires Fordham Multifamily For $14.2M

The multifamily property located at 2518 Webb Ave. & 2807 Claflin Avenue in the Fordham and Kingsbridge Heights neighborhoods was recently sold in a closed transaction. The property spans a total of 126,000 square feet and consists of 114 units. The sale price for this transaction was $14,200,000, resulting in a price per unit of $124,561 and a price per square foot of $112.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,200,000
• Address: 2518 Webb Ave. & 2807 Claflin Avenue
• Market: Fordham, Kingsbridge Heights

The buyer of the property was Yechiel Weinberger, while the seller was The Estate of Vito Manginelli. The transaction was facilitated by Marco Lala, David Raciti, Jack Lala & Michelle Lala from Team Lala, who represented the buyer and seller in the deal. RM Friedland served as the broker for the transaction.