BCN Development Acquires Multifamily Property In Bronx For $6.3M

BCN Development has acquired a multifamily property in the Bronx market for a price of $6,300,000. The property, located at 959 Anderson Ave., consists of 25 units with a total square footage of 20,000. The purchase price per unit stands at $252,000, while the price per square foot is $315.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $6,300,000
• Address: 959 Anderson Ave.
• Market: Bronx
• Buyer: BCN Development
• Seller: Robert Johnson & Ethel Johnson
• Units: 25
• Price per Unit: $252,000
• Square Footage: 20,000
• Price per Square Foot: $315

Craig Nassi of LIVI ARIEL LLC represented BCN Development in this transaction. The sale was completed on 11/12/2021. For more information, visit http://www.bcndevelopment.com.