Esther Rogers Sells Wakefield Multifamily Portfolio For $4.9M With Buyer's Rep Seth Glasser, Michael Fusco, & Benny Katz
3929 Carpenter Avenue & 4026 Carpenter Avenue
114,008 SF
Summary
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.
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