Sherr Equities Acquires Retail Property In Mt Eden, Bronx For $8.6M

The retail building at 151 East 170th Street in Mt Eden, Bronx, was sold for $8.6 million. It spans 9,700 square feet, translating to a price per square foot of $887. The buyer, Harold Sherr of Sherr Equities, acquired the property from the seller, Edmond J. Pryor of Norman Realty & Construction. The transaction took place on March 29, 2024, with the asset type being retail.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,600,000
• BSF: 58,406
• PPBSF: $147
• SF: 9,700
• PPSF: $887
• Address: 151 East 170th Street
• Market: Mt Eden, Bronx

Harold Sherr, the buyer, represented Sherr Equities in the acquisition of the retail property. He acquired the title through a foreclosure process from the former owner, Norman Realty & Construction, for whom Edmond J. Pryor acted as the seller. Norman Realty & Construction had borrowed $5.6 million from Sherr Equities in February 2020, leading to the eventual transfer of ownership in this transaction.