Meridian Capital Group Sells Bronx Multifamily Property For $5M

425 Claremont Parkway, located in the Bronx market, is a multi-family asset that was sold for $5,000,000. The property consists of 46 units within a six-story elevator building and spans approximately 56,700 square feet. The unit mix includes five one-bedrooms, 17 two-bedrooms, 23 three-bedrooms, and one four-bedroom, along with an apartment designated for the superintendent.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $5,000,000
• Address: 425 Claremont Pkwy, Bronx, NY, 10457
• Market: Bronx
• Seller's Rep: Jason Goldy-Meridian Capital Group
• Buyer: Unknown
• Square Footage: 56,700

Victor Sozio, Daniel Mahfar, Jason Gold, and Oliver Elihu were involved in representing the seller during the transaction of this property. NOTE: Ariel Property Advisors brokered the sale of two multifamily buildings, including the 425 Claremont Parkway and another at 756 Fox Street, which sold for $4.2 million.