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Dhiren Mheta Acquires Bronx Multifamily For $2.85M

1130 Union Avenue
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This MultiFamily property located in NY was sold for $2,850,000 over 5 years ago. The brokers of the deal were Seth Glasser, Peter Von Der Ahe, Adam Radi, and Michael (Mike) Fusco

A multifamily property located at 1130 Union Avenue in Bronx, NY has been sold for $2,850,000. The property has a total square footage of 14,118 and was purchased at a price per square foot (PPU) of $202. The transaction resulted in a capitalization rate (cap rate) of 5.2%. The seller of the property was Shamwatie Sawak, while the buyer was Dhiren Mheta. The property was listed by New York Multifamily, with brokers Mike Fusco, Adam Radi, Seth Glasser, and Peter Von Der Ahe representing the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $2,850,000
  • Price per Square Foot (PPU): $202
  • Cap Rate: 5.2%
  • Seller: Shamwatie Sawak
  • Buyer: Dhiren Mheta
  • Brokers: New York Multifamily - Mike Fusco, Adam Radi, Seth Glasser, Peter Von Der Ahe

The sale of this property at 1130 Union Avenue in Bronx, NY was facilitated by the team of Mike Fusco, Adam Radi, Seth Glasser, and Peter Von Der Ahe from New York Multifamily. The deal showcases their expertise in the Bronx market and their ability to successfully connect buyers and sellers in the multifamily sector.

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Deals
  • Location
    1130 Union Ave, The Bronx, NY 10459, USA1130 Union Ave, The Bronx, NY 10459, USA
  • Sale Price
    $2,850,000$2,850,000
    $678 PPSF$678 PPSF
  • Area
    4,202 SF4,202 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Seth Glasser

Seth Glasser

Deals80
Financed$891.9M

Adam Radi

Adam Radi

Deals5
Sold$25M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Deal Summary

IMAGE: Mike Fusco, Adam Radi, Seth Glasser, Joe Koicim and Peter Von Der Ahe DATE: 09/14/18 ADDRESS: 1130 Union Avenue MARKET: Bronx, NY ASSET TYPE: Multifamily SALE PRICE: $2,850,000 PSF: $202 / PPU: $158K(18) CAP RATE: 5.2% SELLER: Shamwatie Sawak BUYER: Dhiren Mheta BROKERS: @NewYorkMultifamily – Mike Fusco, Adam Radi, Seth Glasser and Peter […]

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1130 Union Avenue

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