Cedar Holdings Acquires Multifamily Property In Bronxville For $12M

A multifamily property located at 759 Palmer Road in Bronxville, Yonkers, was recently sold for $12,000,000. The property spans across 144,000 square feet and has 35 units, resulting in an average price per unit of $342,857. The price per square foot is $83.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Address: 759 Palmer Road, Bronxville, Yonkers
• Market: Bronxville, Yonkers

The sale of this multifamily property was facilitated by Greg Corbin of Rosewood Realty Group and Richard Maltz of Maltz Auctions. Greg Corbin represented the buyer, Cedar Holdings, while Richard Maltz represented the seller, EMC Bronxville – Edward Collis.