Multifamily Portfolio Sold In Longwood Bronx For $19.63 Million By Ariel Property Advisors

The transaction involved multiple multifamily properties located at 632 Wales Avenue, 636 Wales Avenue, 640 Wales Avenue, 644 Wales Avenue, 786 East 152nd Street, 790 East 152nd Street, 785 East 151st Street, 795 East 151st Street, and 643 Tinton Avenue in the Longwood market of the Bronx. The properties consist of a total of 249 units and have a combined square footage of 163,428. The sale price for this transaction was $19,625,000, resulting in a price per unit of $78,815 and a price per square foot of $120.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,625,000
• Units: 249
• Square Footage: 163,428
• Price Per Unit: $78,815
• Price Per Square Foot: $120
• Market: Longwood, Bronx

The brokers representing the transaction included Victor Sozio, Shimon Shkury, Jason M. Gold, Remi Mandell, Jake Brody, and Gabriel Elyaszadeh from Ariel Property Advisors.