Richard Guarino & Lynda Blumberg Acquire Bronx Package Deal For $68.75M

A package deal consisting of multiple properties in the Bronx has been sold for a total of $68,750,000. The properties included in the package are located at 1344 & 2610 University Ave., 600-604 Trinity Avenue, 230 East 167th Street, 344 East 209th Street (3295 Decatur Ave.), 2432 Webb Avenue, 2300 Grand Concourse (205 East 183rd Street) (2301 Ryer Ave.), 2609 Aqueduct Ave., 2585 Grand Concourse & 2584 Creston Ave. (105 East 192nd Street). The package deal comprises a total of 421 units with an average price per unit of $163,301. The total square footage of the properties is 404,086, with an average price per square foot of $170.

Summary of transation details

• Property Type: Package Deal
• Transaction Amount: $68,750,000
• Units: 421
• Price Per Unit: $163,301
• Square Footage: 404,086
• Price Per Square Foot: $170
• Market: Bronx

The buyer's representatives for this transaction were Richard Guarino & Lynda Blumberg, while the seller's representative was Richard Guarino. Special thanks goes to Anthony Simari & Ed Friedman for their contributions to the deal.