Keith Rosenthal And Ron Orgel Of Phoenix Realty Group Acquire Bronx Multifamily For $54.5M

820 Thieriot Avenue & 880 Thieriot Avenue, located in the Bronx, is a multifamily asset that encompasses 314 units. The sale transaction was valued at $54,500,000, averaging $173,567 per unit. The total square footage of the property stands at 352,866, resulting in a price per square foot of $154.45.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $54,500,000
• Units: 314
• Price Per Unit: $173,567
• Square Footage: 352,866
• Price Per Square Foot: $154.45
• Buyer: Keith Rosenthal & Ron Orgel - Phoenix Realty Group
• Seller: Rick Gropper - Camber Property Group
• Seller's Representative: Jeff Kunitz, Mike Canori & Jon Romano - CBRE Affordable Housing
• Transaction Date: 5/22/2025

The transaction involved Keith Rosenthal and Ron Orgel representing Phoenix Realty Group as the buyers, while Rick Gropper was the seller, operating under Camber Property Group. The seller's interests were represented by Jeff Kunitz, Mike Canori, and Jon Romano from CBRE Affordable Housing.