InterVest Capital Partners Acquires Multifamily Properties In Bronx For $65M | 1065-1075 Gerard Avenue | Paul Gillen, Daniel Parker, Ariel Tambor | MultiFamily | Sale

Summary

Sale

NEW YORK

MultiFamily

97,774 sqft

The multifamily property located at 1098-1114 Gerard Avenue, 1197 Grand Concourse, 1065 Jerome Avenue, 1534 Selwyn Avenue, 2543-2567 Decatur Avenue, 2608 Creston Avenue, and 2353-3257 Crotona Avenue in the Bronx has been sold. The transaction took place on January 31, 2023.

Summary of Transaction Details

Property Type: Multifamily
Sale Price: $65,000,000
Square Footage: 497,824 SF
Price per Square Foot: $131
Market: Bronx

The buyer of the property was InterVest Capital Partners, while the seller was Taconic Partners and Clarion Partners. The deal was facilitated by brokers Adam Spies, Adam Doneger, and Eric Roth from Cushman & Wakefield.

Adam Spies, Adam Doneger, and Eric Roth represented the buyer, InterVest Capital Partners, in the transaction.

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Players

All
5

Agents
3
Agencies
2

$1.4B Sold

$1.9B Sold

$317.2M Sold

Details

Deal Summary

SOLD

IMAGE: Adam Spies, Adam Doneger & Eric Roth DATE: 01/31/2023 ADDRESS: 1098-1114 Gerard Avenue, 1197 Grand Concourse, 1065 Jerome Avenue, 1534 Selwyn Avenue, 2543-2567 Decatur Avenue, 2608 Creston Avenue & 2353-3257 Crotona Avenue MARKET: Bronx ASSET TYPE: Multifamily BUYER: InterVest Capital Partners SELLER: Taconic Partners & Clarion Partners BROKERS: Adam Spies, Adam Doneger (@ADoneger) & Eric Roth(@EricMRoth) - Cushman & Wakefield (@CushWake) SALE PRICE: $65,000,000 SF: 497,824 ~ PPSF: $131

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Address1065-1075 Gerard Avenue

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