Joel Gorjian Acquires Multifamily Property In Bronx For $975,000

A multifamily property located at 737 East 219th Street in the Bronx has been sold for a total of $975,000. The property consists of 6 units, with an average price per unit of $162,500. The total square footage of the property is 4,950, resulting in a price per square foot of $196. The sale was completed on January 14, 2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $975,000
• Units: 6
• Price per Unit: $162,500
• Square Footage: 4,950
• Price per Square Foot: $196
• Market: Bronx

The buyer in this transaction was Joel Gorjian, while the seller was Ben Ryu. The deal was facilitated by Jared Friedman from B6 Real Estate Advisors.