Baker Capital Group Acquires Multifamily Property In Bronx For $925K

Located at 61 West 181st Street in the Bronx, this multifamily property spans 17,200 square feet and is zoned as R7-1. The asset has the potential to accommodate 25 residential units. The property was sold on November 24, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $925,000
• Square Footage: 3,300
• Price Per Square Foot: $280
• Number of Units: 4
• Price Per Unit: $231,250
• Lot Size: 5,000
• Last Sale Price: $525,000 (1/5/2007)
• Lot Dimension: 50 ft x 100 ft

The buyer of this property is Baker Capital Group, represented by Jordan Cohen and Don Bichoupan. The seller is Judith Espinal. The transaction represents a significant increase in value compared to the previous sale in 2007.

NOTE: Baker Capital Group is actively looking for investment properties in the Bronx and Westchester. Buyers can contact Jordan Cohen at (516) 225-7509 or via email at [email protected], and Don Bichoupan at [email protected].