Alex Yush And Markus Kay Purchase Multifamily Portfolio From Renaissance Realty Group For $3.42M

This multifamily asset portfolio comprises three buildings located at 1121 Fteley Avenue, 1123 Fteley Avenue, and 1127 Fteley Avenue in the Bronx market. The transaction closed at a price of $3,420,000, encompassing 12 fully occupied units within 9,600 square feet, resulting in a price per unit of $285,000 and a price per square foot of $356.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,420,000
• Units: 12
• Square Footage: 9,600
• Price Per Unit: $285,000
• Price Per Square Foot: $356
• Buyer: Alex Yush & Markus Kay
• Seller: Renaissance Realty Group
• Buyer's Representative: Shaya Rosenberg - The Syper Group
• Seller's Representative: Avraham Birnbaum - Twelve Stones Realty

The successful coordination of this transaction involved Shaya Rosenberg representing the buyers and working alongside Avraham Birnbaum, who represented the seller. Additionally, mortgage broker Isaac Blyakher played a crucial role in securing financing for the deal.