Sholom Jacobs Of Jacobs Real Estate Advisors Sells Bronx Multifamily At 389 East 138th Street For $2.08M

The property involved in the transaction is a multifamily asset located at 389 East 138th Street in the Bronx. The property was sold for $2,080,000, comprising 10 units and a total square footage of 9,880, resulting in a price per unit of $208,000 and a price per square foot of $210.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,080,000
• Address: 389 East 138th Street
• Market: Bronx
• Units: 10
• Price per Unit: $208,000
• Square Footage: 9,880
• Price per Square Foot: $210

Sholom Jacobs, representing Jacobs Real Estate Advisors, was the seller of the property. The seller's representative for this transaction is Michael Muller. Notably, this property was Sholom's first acquisition in 2001 following the sale of his electronic business.