PH Realty Acquires 34-Building Multifamily Portfolio In Bronx From Related Fund Management For $192.5M

The asset involved in this transaction is a multifamily portfolio comprising 34 buildings located in the Bronx. The sale price for this portfolio was $192,500,000, which equates to a price per unit of $95,249 for a total of 2021 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $192,500,000
• Buyer: PH Realty
• Seller: Related Fund Management
• Seller's Representative: Gary Phillips, Will Silverman, Daniel Parker & Ethan Pond - Eastdil Secured

This transaction highlights the involvement of PH Realty acquiring the asset from Related Fund Management with representation from the brokerage firm Eastdil Secured, which facilitated the sale through its brokers Gary Phillips, Will Silverman, Daniel Parker, and Ethan Pond, emphasizing their collective role in the successful transaction.