Multifamily Property At 587 East 137th Street Sold For $1.4M In Bronx

The property asset involved in this transaction is a multifamily building located at 587 East 137th Street in the Bronx. It was sold for $1,400,000 and comprises 10 units, with a price per unit of $140,000. The total square footage of the building is 8,213, resulting in a price per square foot of $170. The property was completely vacant and ready for development.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,400,000
• Units: 10
• Price Per Unit: $140,000
• Square Footage: 8,213
• Price Per Square Foot: $170

The transaction was brokered by Richard Guarino of Friedman-Roth Realty, representing the parties involved in this deal.