Geller Family Acquires Multifamily Property In Bronx, Fordham For $8.1M

The multifamily property located at 60 East 196th Street in Bronx, Fordham has been sold in a closed transaction. The property spans a total square footage of 62,500 and was sold at a price of $8,115,000, resulting in a price per square foot of $129. The gross income generated from the property is reported to be $770,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,115,000
• Address: 60 East 196th Street
• Market: Bronx, Fordham
• Square Footage: 62,500
• Gross Income: $770,000

The seller of the property was Morgan Group, while the buyer was Geller Family. The transaction was facilitated by brokers Michael Guttman and Aaron Jungreis. Mark Brachfeld from Meridian Capital Group acted as the loan broker in the deal.