KlosedProperties Acquires Multifamily Building On 558 East 191st Street In Belmont, Bronx For $5.5M

A multifamily property located at 558 East 191st Street in Belmont, Bronx has been sold in a recent transaction. The property spans 19,500 square feet and was sold for a total price of $5,500,000, resulting in a price per square foot of $282. The property falls under tax class 2 and is zoned as R6B. It consists of 22 units, with 21 units designated as residential and 1 unit designated as a family unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $5,500,000
• Square Footage: 19,500
• Price per Square Foot: $282
• Address: 558 East 191st Street
• Market: Belmont, Bronx
• Tax Class: 2
• Zoning: R6B
• Units: 22 (21 RS, 1 FM)

The buyers of the property are Shawn Aziz and Steven Kachanian from Klosed Properties. On the other hand, the seller is Michael Giacinto.