Menachem Landau And Partners Acquire Multi Family Property In Bronx For $3.85M

The multi-family property located at 727 East 156th Street in Bronx, New York has been sold for a price of $3,850,000. The property spans across 16,782 square feet and has a price per square foot of $229. It consists of 25 units, with each unit being sold at an average price of $154,000.

Summary of transaction details

• Property Type: Multi Family
• Transaction Amount: $3,850,000
• Square Footage: 16,782 sf
• Price per Square Foot: $229
• Number of Units: 25
• Price per Unit: $154,000

The seller of the property was a private investment group affiliated with Martin Jacobs, while the buyer was Menachem Landau and Partners. The deal was facilitated by brokers Scott Jacobs and Mike Stern.