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

The property involved in this transaction is a multifamily re-development located at 779 Grote Street in Belmont, Bronx. The sale price for this property is $1,150,000. It consists of 3 units, with a price per unit of $383,333. The total square footage is 3,780, with a price per square foot of $304. The building square footage is 10,750, with a price per building square foot of $107.

Summary of transaction details

• Property Type: Multifamily Re-Development
• Transaction Amount: $1,150,000
• Units: 3
• Price per Unit: $383,333
• Square Footage: 3,780
• Price per Square Foot: $304
• Building Square Footage: 10,750
• Price per Building Square Foot: $107

The buyer in this transaction is Builders Group USA, while the seller is the Johnson Family. The brokers involved in this deal are Derek Bestreich, Steve Reynolds, Brian Davila, and John Loch from Investment Property Realty Group (IPRG).