Nelson Management Group Acquires Mitchell Lama Affordable Multifamily In Bronx For $15.5M

The Mitchell Lama affordable multifamily property located at 950-955 Evergreen Avenue in the Bronx was recently sold for a total price of $15,500,000. The buyer of this property is the Nelson Management Group, while the seller is Ogden CAP Properties. The transaction was facilitated by brokers Daniel Parker, Paul Gillen, and Anthony Ledesma from Hodges Ward Elliott.

Summary of transaction details

• Property Type: Mitchell Lama Affordable Multifamily
• Sale Price: $15,500,000
• Units: 357
• Price Per Unit: $43,417
• Square Footage: 328,071
• Price Per Square Foot: $47
• Market: Bronx

This deal involved key individuals and companies such as Nelson Management Group, the buyer of the property, and Ogden CAP Properties, the seller. The transaction was successfully executed with the assistance of brokers Daniel Parker, Paul Gillen, and Anthony Ledesma from Hodges Ward Elliott. The Mitchell Lama affordable multifamily property at 950-955 Evergreen Avenue in the Bronx continues to make an impact in the real estate market.