Emerald Equity Group Acquires Bronx Multifamily For $36M

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.