Ed Ostad Acquires Retail Property In Melrose, Bronx For $6.15M

The retail property located at 3037 3rd Ave. in Melrose, Bronx has been sold for a price of $6,150,000. The property has a total area of 8,600 square feet and was sold at a price per square foot of $715. The transaction took place on 05/12/2022.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $6,150,000
• Date: 05/12/2022
• Address: 3037 3rd Ave., Melrose, Bronx
• Market: Melrose, Bronx
• SF: 8,600
• PPSF: $715

The buyer of the property is Ed Ostad and the seller is the Moezinia Family. The brokerage firm involved in the deal is Friedman-Roth, with George Niblock representing the buyer.