Quintessenza Family Purchases Multifamily Property At 416 East 187th Street For $925,000

The property asset involved in the transaction is a multifamily building located at 416 East 187th Street in the Belmont neighborhood of Bronx. The sale was completed for a total price of $925,000, consisting of 12 units within the building. The total square footage of the property is 8,490, resulting in a price per unit of $77,083 and a price per square foot of $108.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $925,000
• Units: 12
• Square Footage: 8,490
• Price per Unit: $77,083
• Price per Square Foot: $108
• Buyer: Quintessenza Family
• Seller: David Spitzer
• Broker: Jared Friedman - Investment Property Realty Group

Key individuals involved in the deal include the buyer, Quintessenza Family, who acquired the property from seller David Spitzer. The transaction was facilitated by broker Jared Friedman from Investment Property Realty Group, representing the interests of the buyer in this multifamily property acquisition.