Moishe Tove Purchases Bronx Multifamily Property From Matthew Vrasadis For $1.35M

The transaction involved a multifamily asset located at 583 & 585 East 178th Street in the Bronx, which was sold for $1,350,000. The property has a total of 6 units within a square footage of 5,372, resulting in a price per unit of $225,000 and a price per square foot of $251.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,350,000
• Units: 6
• Square Footage: 5,372
• Price Per Unit: $225,000
• Price Per Square Foot: $251
• Buyer: Moishe Tove
• Seller: Matthew Vrasadis
• Seller's Representative: Luca DiCiero & Devin Navarro - NY Space Finders

The buyer, Moishe Tove, acquired the property for long-term hold below market rate in the five boroughs. This strategic decision underscores the buyer's focus on investment potential.