Ryan Zar & David Strauss Acquire 9-Unit Multi-Family Property In Highbridge, Bronx For $2.04M

The multi-family property located at 974 Anderson Avenue in Highbridge, Bronx, New York has been sold for a total price of $2,040,000. The property spans a total of 12,768 square feet, with each unit offering over 1,000 square feet of space. The price per square foot for this transaction is $168, and the purchase price per unit is $226,000. The property has a capitalization rate of 5.2%.

Summary of Transaction Details:

• Property Type: Multi Family
• Transaction Amount: $2,040,000
• Square Footage: 12,768 sf
• Price per Square Foot: $168
• Number of Units: 9
• Purchase Price per Unit: $226,000
• Capitalization Rate: 5.2%
• Market: Highbridge, Bronx

The seller of the property is 974 Anderson LLC, represented by Chaim Simkowitz. The buyers in this transaction are Ryan Zar and David Strauss.