Jerusalem Properties LLC Acquires Multi Family Property In Bronx For $9.42M

The multi-family property located at 2734 Sedgwick Avenue in New York's Bronx neighborhood has been sold in a closed transaction. The property spans 49,920 square feet and consists of 58 units. The transaction was completed on December 28, 2017, with a sale price of $9,420,000, resulting in a price per square foot of $188. The property, owned by Kings Heights Association, was purchased by Jerusalem Properties LLC, represented by Sean Nasab, Kenny Nasab, and Eitan Nasab. Northway Equities, represented by Nathan Amoyelle, served as the broker for this transaction.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $9,420,000
• Square Footage: 49,920
• Price per Square Foot: $188
• Units: 58
• Seller: Kings Heights Association
• Buyer: Jerusalem Properties LLC – Sean Nasab, Kenny Nasab, and Eitan Nasab
• Broker: Northway Equities – Nathan Amoyelle

Jerusalem Properties LLC, led by Sean Nasab, Kenny Nasab, and Eitan Nasab, emerged as the buyer in this transaction. This deal was facilitated by Northway Equities, with Nathan Amoyelle representing the firm. The successful completion of this transaction highlights the active real estate market in the Bronx.