CBRE Represents Sale Of 4 Building Multifamily Portfolio In Bronx For $6.45 Million

The transaction involves a multifamily portfolio consisting of four buildings located at 1801 Loring Place South, 3 West 192nd Street, 617 East Fordham Road, and 613 East Fordham Road in the Bronx market. The assets were sold for $6,450,000, encompassing a total of 39 units and measuring 38,625 square feet, which translates to a price per unit of $165,384 and a price per square foot of $166.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,450,000
• Units: 39
• Square Footage: 38,625
• Price Per Unit: $165,384
• Price Per Square Foot: $166
• Brokers: Robert Shapiro, Ian Brooks, Nicholas Kontos & David Garcia - CBRE
• Date of Transaction: 6/24/2026

CBRE successfully facilitated this sale, with the properties having been owned and operated by the same family since the 1980s. The firm has stated that the new buyer intends to continue operating these assets with a long-term investment strategy. CBRE has also noted its acquisition of other investment properties across Manhattan, Brooklyn, Bronx, and Queens.