Avi Borukhov Purchases Multifamily Property In Bronx For $975000 With Broker Mike Rybinskov

The transaction involves a multi-family asset located in the Bronx, comprising 3 residential units. The property was sold for a total price of $975,000, yielding a per unit price of $325,000. It spans a total square footage of 2,600, which translates to a price per square foot of $375.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $975,000
• Units: 3
• Price Per Unit: $325,000
• Square Feet: 2,600
• Price Per Square Foot: $375
• Buyer: Avi Borukhov
• Broker: Mike Rybinskov - XRE NY

Avi Borukhov is the buyer of the multi-family property and has plans to convert the existing 3 units into 8 residential units. Mike Rybinskov represented the buyer in this transaction. There is an invitation from the buyer to reach out for opportunities involving conversion, value add, or distressed deals within the NYC area.