Tony Shaban Purchases Bronx Multifamily Asset From Manuel Scharf For $12.5M

The property asset involved in the transaction is a multifamily building located at 2914 Jerome Avenue in the Bronx. This asset has a sale price of $12,500,000 and encompasses 124,492 square feet with a total of 123 units. The price per unit amounts to $101,626, and the price per square foot is $100.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,500,000
• Address: 2914 Jerome Avenue
• Market: Bronx
• Total Units: 123
• Square Footage: 124,492
• Price per Unit: $101,626
• Price per Square Foot: $100
• Buyer: Tony Shaban
• Seller: Manuel Scharf
• Brokers: Aaron Jungreis, Ben Khakshoor, Alex Fuchs & Reouven Elharar - Rosewood Realty Group

Key individuals involved in the deal include Tony Shaban, the buyer, and Manuel Scharf, the seller. The transaction was facilitated by a team from Rosewood Realty Group, comprising brokers Aaron Jungreis, Ben Khakshoor, Alex Fuchs, and Reouven Elharar, who represented the interests of the parties during the transaction.