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Icer Properties Acquires Multifamily Property On Summit Ave In Bronx For $1.675M

993 Summit Avenue
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This MultiFamily property located in NY was sold for $1,675,000 about 3 years ago. The brokers of the deal were Mark Singer and David Gerstel

A multifamily property located at 993 Summit Ave in the Bronx has been sold in a recent transaction. The property consists of 9 units with a total square footage of 9,032. The property was listed with an asking price of $1,750,000, and it was sold for $1,675,000, resulting in a price per unit of $186,111 and a price per square foot of $185.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,675,000
  • Address: 993 Summit Ave
  • Market: Bronx

The buyer of the property is Joseph Jemal, representing ICER Properties. The seller of the property is Isaac Fried. The deal was facilitated by Mark Singer and David Gerstel from InRock Realty.

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Deals
  • Location
    993 Summit Ave, Bronx, NY, USA993 Summit Ave, Bronx, NY, USA
  • Sale Price
    $1,675,000$1,675,000
    $185 PPSF$185 PPSF
  • Area
    9,032 SF9,032 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Mark Singer

Mark Singer

Deals3
Sold$3.3M

Agency

Friedman-Roth Realty

Friedman-Roth Realty

Agency
Deals112
Volume$696.7M

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Deal Summary

SALE IMAGE: David Gerstel, Joseph Jemal & Mark Singer DATE: 02/05/2021 ADDRESS: 993 Summit Ave. MARKET: Bronx ASSET TYPE: Multifamily BUYER: Joseph Jemal @ICERProperties SELLER: Isaac Fried BROKERS: Mark Singer & David Gerstel- InRock Realty ASKING PRICE: $1,750,000 SALE PRICE: $1,675,000 UNITS: 9 ~ PPU: $186,111 SF: 9,032 ~ PPSF: $185

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993 Summit Avenue

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