Diego Carchi Purchases Bronx Multifamily Property From Denise Reid For $850,000 With Wellington Cordova As Buyer's Rep

This multifamily asset located at 4167 Bruner Avenue, in the Bronx market, includes two units and has a total square footage of 2,340. The property was sold for $850,000, resulting in a price per unit of $425,000 and a price per square foot of $363.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $850,000
• Units: 2
• Square Footage: 2,340
• Price Per Unit: $425,000
• Price Per Square Foot: $363
• Buyer: Diego Carchi
• Seller: Denise Reid
• Buyer's Representative: Wellington Cordova - Sotheby's International Realty

Wellington Cordova successfully represented his buyer, Diego Carchi, in securing this investment property at $50,000 below the asking price. His strategic timing and negotiation were key factors in accomplishing this deal, offering valuable insight for future investments and identification of off-market opportunities.