Eli Muratov And Sam Muratov Acquire MultiFamily Property In High Bridge Bronx For $3M

The property asset involved in this transaction is a multi-family building located at 987-989 Ogden Avenue in the High Bridge neighborhood of the Bronx. The sale price was $3,000,000, comprising 28 units with a price per unit of $107,142. The total square footage of the building is 19,500, resulting in a price per square foot of $153.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $3,000,000
• Units: 28
• Price Per Unit: $107,142
• Square Footage: 19,500
• Price Per Square Foot: $153
• Buyer: Eli Muratov & Sam Muratov
• Seller: Farrukh Family
• Broker: Jared Friedman - Investment Property Realty Group

The transaction involved Eli Muratov and Sam Muratov as buyers, purchasing from the Farrukh Family. Broker Jared Friedman represented the buyers in this deal. Notably, this building had an expiring 421A, which led to the execution of a short sale.