A multifamily property located at 3929 Carpenter Avenue & 4026 Carpenter Avenue in Wakefield, Bronx has been sold for $4,900,000. The property consists of 68 units with an average price per unit of $72,059. It has a total square footage of 57,004, resulting in a price per square foot of $86.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,900,000
• Address: 3929 Carpenter Avenue & 4026 Carpenter Avenue
• Market: Wakefield, Bronx
• Units: 68
• Average Price per Unit: $72,059
• Square Footage: 57,004
• Price per Square Foot: $86

The sale of this property was facilitated by Seth Glasser, Michael Fusco, and Benny Katz from Marcus & Millichap, who represented the buyer. On the seller's side, Louis Puopolo from Douglas Elliman acted as the seller's representative. The transaction involved a local Bronx portfolio investment group acquiring the remaining multifamily assets owned by Esther Rogers, a generational owner. The deal was completed within a 45-day contract-to-close period.