The transaction involved a multifamily asset located at 820 Thieriot Avenue & 880 Thieriot Avenue in the Soundview neighborhood of the Bronx. The sale price for the property was $54,500,000, comprising 314 units with a price per unit of $173,567.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $54,500,000
• Units: 314
• Price per Unit: $173,567
• Buyer: Keith Rosenthal & Ron Orgel - Phoenix Realty Group
• Seller: Rick Gropper - Camber Property Group
• Date of Transaction: 05/22/2025
• Market: Soundview, Bronx

Keith Rosenthal and Ron Orgel represented Phoenix Realty Group in acquiring the 314-unit Carol Gardens complex from Rick Gropper, who represented Camber Property Group in the sale.