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Emerald Equity Group Acquires Bronx Multifamily For $36M

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SOLD

New York

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MultiFamily1,771,000 SF
Sold 05/10/2018
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Property Image
SOLD

Emerald Equity Group Acquires Bronx Multifamily For $36M

525 Riverdale Ave, Yonkers, NY 10705, USA & 525 Riverdale Ave, Yonkers, NY 10705, USA

See Similar Deals
MultiFamily1,771,000 SF
Sold 05/10/2018
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:1,771,000 SF
Transaction Type:Sale

Isaac Kassirer's Emerald Equity Group has acquired a multifamily property located at 525-527 Riverdale Avenue in the Bronx, New York. The property spans 161,000 square feet and was purchased for a total price of $36,000,000, equating to a price per square foot of $223. The multifamily asset consists of 143 units, with a price per unit of $250,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $36,000,000
  • Square Footage: 161,000 sf
  • Price per Square Foot: $223
  • Number of Units: 143
  • Price per Unit: $250,000

The seller of the property is PRC Management, while the buyer is Isaac Kassirer's Emerald Equity Group. The transaction was facilitated by Aaron Jungreis from Rosewood Realty Group NY acting as the broker.

Players

Aaron Jungreis
202 deals$4.3B volume(212) 359-9900
BROKER

Isaac Kassirer
4 deals$47.2M volume
BUYER

Details

SOLD
IMAGE: Isaac Kassirer and Aaron Jungreis DATE: 05/10/2018 ADDRESS: 525-527 Riverdale Avenue CITY: NewYork MARKET: Bronx ASSET TYPE: Multifamily PRICE: $36,000,000 SF: 161,000 sf PPSF: $223 UNITS: 143 PPU: $250,000 SELLER: PRC Management BUYER: Kassirer’s Emerald Equity Group – Isaac Kassirer BROKER: @RosewoodRealtyGroupNY – Aaron Jungreis

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