Jon Hollywood Acquires Multifamily Property At 743 Hollywood Avenue From Frank Bastone For $1.4M

The property involved in this transaction is a multifamily asset located at 743 Hollywood Avenue in Throggs Neck, Bronx. It was sold for a total transaction amount of $1,400,000. The asset comprises 5 units and has a total square footage of 5,600, resulting in a price per unit of $280,000 and a price per square foot of $250.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,400,000
• Units: 5
• Square Footage: 5,600
• Price Per Unit: $280,000
• Price Per Square Foot: $250
• Buyer: Jon Hollywood
• Seller: Frank Bastone
• Broker: Lena Rivera

Lena Rivera, the broker representing the transaction, has noteworthy experience in building sales, with over $100 million in sales over the past three years, and has handled more than 200 residential leases along with 100,000 square feet in retail and office leases. She brings over a decade of property management experience across various regions, including NYC, Bronx, Westchester, and Fairfield County, and is actively seeking additional properties to manage or acquire.