Builders Group USA Acquires Multifamily Re-Development In Belmont, Bronx For $1.15M

The property involved in this closed transaction is a multifamily re-development located at 777 Grote Street in Belmont, Bronx. The property consists of 3 units with a total square footage of 3,780. The sale price for this property was $1,150,000, resulting in a per unit price of $383,333. The price per square foot is $304, and the building square footage is 10,750 with a price per building square footage of $107.

Summary of transaction details

• Property Type: Multifamily Re-Development
• Transaction Amount: $1,150,000
• Address: 777 Grote Street
• Market: Belmont, Bronx
• Buyer: Builders Group USA
• Seller: Victor White
• Brokers: Derek Bestreich, Steve Reynolds, Brian Davila & John Loch - Investment Property Realty Group (IPRG)
• Units: 3
• PPU: $383,333
• SF: 3,780
• PPSF: $304
• BSF: 10,750
• PPBSF: $107

The deal was facilitated by the brokers Derek Bestreich, Steve Reynolds, Brian Davila, and John Loch from Investment Property Realty Group (IPRG). Their expertise and representation were instrumental in the successful completion of this transaction.