The Lightstone Group Acquires Bronx Multifamily Portfolio For $53M From Seller Bronx River Management Corporation – Martin Shapiro

The Bronx multifamily properties located at 2197 Cruger Avenue, 2198 Cruger Avenue, and 2180 Bronx Park East have been sold in a closed transaction for a total price of $53,000,000. The properties were sold by Bronx River Management Corporation, represented by Martin Shapiro, to The Lightstone Group. The sale was facilitated by Robert Shapiro of Cushman & Wakefield.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $53,000,000
• Address: 2197 Cruger Avenue, 2198 Cruger Avenue, and 2180 Bronx Park East
• Market: Bronx

The deal involved key individuals and companies such as Robert Shapiro, Bob Knakal, Mitch Hochberg, Jonathan Squires, and Andrew Lichtenstein. It is noteworthy that Martin Shapiro of Bronx River Management Corporation played a crucial role as the seller's representative in the transaction. The Lightstone Group, led by their representatives, successfully acquired the multifamily properties in the Bronx.