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Camber Property Group And Belveron Partners Acquire Residential Property In Bronx For $77M

Property Image
SOLD
$77,000,000

New York

See Similar Deals
Other48,983 SF
Sold 06/26/2019
the dealdetailscomps
Property Image
SOLD

Camber Property Group And Belveron Partners Acquire Residential Property In Bronx For $77M

1133 Ogden Ave, The Bronx, NY 10452, USA

See Similar Deals
Other48,983 SF
Sold 06/26/2019

Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$1,572
Total Square Footage:48,983 SF
Transaction Type:Sale

1133 Ogden Avenue, a residential property located in the Bronx, was recently involved in a closed transaction. The property consists of 400 units and was sold for a total price of $77,000,000, resulting in an average price per unit of $192,000. The buyers of the property were Camber Property Group and Belveron Partners, while the seller was Larry Gluck from Stellar Management.

Summary of Transaction Details

  • Property Type: Residential
  • Transaction Amount: $77,000,000
  • Units: 400
  • Price per Unit: $192,000
  • Buyer: Camber Property Group and Belveron Partners
  • Seller: Larry Gluck from Stellar Management

In this transaction, Camber Property Group and Belveron Partners acquired 1133 Ogden Avenue from Larry Gluck of Stellar Management. The deal involved a significant investment of $77,000,000, with the property comprising 400 residential units. The average price per unit was $192,000. Camber Property Group and Belveron Partners demonstrated their interest in the Bronx market by making this substantial purchase.

Players

BUYER

Details

SOLD
IMAGE: Larry Gluck, Paul Odland, Rick Gropper & @AaronJungreis DATE: 06/26/2019 ADDRESS: 1133 Ogden Avenue MARKET: Bronx ASSET TYPE: Residential PRICE: $77,000,000 UNITS: 400 PPU: $192K BUYER: Camber Property Group and Belveron Partners SELLER: @StellarManagement Larry Gluck

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