Heritage Group Acquires Bronx Multifamily For $2.5M

The multi-family property located at 535 East 148th Street in Bronx, New York has been sold for $2,500,000. It spans a total of 11,345 square feet, with a price per square foot of $220. The property comprises 16 units, with a price per unit of $156,250. The cap rate for this transaction is 3.5%.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $2,500,000
• Address: 535 East 148th Street
• City: New York
• Market: Bronx

The seller of the property is David Breton, while the buyer is Heritage Group. The broker representing the deal is R.A.S. Equity Partners, with Richard Torres acting as their representative.