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Alex Hajibay's Heritage Affordable Communities Acquires Multifamily Property For $8.25M On Hughes Avenue In Tremont

2120 Hughes Avenue
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This MultiFamily property located in NY was sold for $8,250,000 over 2 years ago.

The multifamily property located at 2120 Hughes Avenue in Tremont was recently sold for $8,250,000. The transaction took place on August 26, 2021. The property is situated in an R7-1 zoning area and spans 59,587 square feet. With a price per square foot of $138, the property offers 63 residential units, resulting in a price per unit of $130,952.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,250,000
  • Address: 2120 Hughes Avenue
  • Market: Tremont
  • Zoning: R7-1

Alex Hajibay of Heritage Affordable Communities acted as the buyer in this deal. On the other side, MacQuesten Properties served as the seller in the transaction.

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Deals
  • Location
    2120 Hughes Avenue, Tremont, Bronx, NY, USA2120 Hughes Avenue, Tremont, Bronx, NY, USA
  • Sale Price
    $8,250,000$8,250,000
    $138 PPSF$138 PPSF
  • Area
    59,587 SF59,587 SF
  • Asset Type
    MultiFamilyMultiFamily

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Deal Summary

SALE IMAGE: Alex Hajibay DATE: 08/26/2021 ADDRESS: 2120 Hughes Avenue MARKET: Tremont ASSET TYPE: Multifamily ~ ZONING: R7-1 BUYER: Alex Hajibay - Heritage Affordable Communities SELLER: MacQuesten Properties SALE PRICE: $8,250,000 SF: 59,587 ~ PPSF: $138 UNITS: 63 ~ PPU: $130,952

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