Chestnut Holdings Acquires 24-Unit Multifamily Building In Belmont, Bronx For $4.3 Million

Chestnut Holdings has purchased a 24-unit residential walkup building in Belmont, the Bronx, for $4.3 million from Alma Realty, represented by 622 East 187th Street, LLC. The property, located at 622 East 187th Street, encompasses 22,500 square feet of built space.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $4,275,000
• Buyer: Chestnut Holdings - Jonathan Wiener
• Seller: Alma Realty - Efstathios Valiotis
• Units: 24
• Price per Unit (PPU): $178,125
• Square Footage: 22,500
• Price per Square Foot (PPSF): $190
• Market: Belmont

Jonathan Wiener from Chestnut Holdings represented the buyer in this transaction, while Efstathios Valiotis from Alma Realty represented the seller.