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City Skyline Realty Acquires Multifamily Property In Kingsbridge Heights, Bronx For $10.25M

3111 Heath Avenue
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This MultiFamily property located in NY was sold for $10,250,000 over 3 years ago. The brokers of the deal were Amit Doshi, Shallini Mehra, Seth Glasser, and Michael (Mike) Fusco

Located in Kingsbridge Heights, Bronx, the multifamily property at 3111 Heath Avenue has been sold in a closed transaction. The property spans 60,295 square feet with an additional 20,000 square feet in the basement. The sale price for this asset was $10,250,000, resulting in a price per square foot of $166. With 66 units in total, this property offers an attractive investment opportunity with a 6.5% capitalization rate.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,250,000
  • Market: Kingsbridge Heights, Bronx
  • Square Footage: 60,295 sf + 20,000 sf basement
  • Price Per Square Foot: $166
  • Units: 66

The sale of the property was facilitated by the seller, Anthony Caruso, representing Bilynn Realty, and the buyer, Doug Peterson, represented by City Skyline Realty. The involvement of these brokers highlights their expertise and commitment to closing successful real estate deals.

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Deals
  • Location
    3111 Heath Ave, The Bronx, NY 10463, USA3111 Heath Ave, The Bronx, NY 10463, USA
  • Sale Price
    $10,250,000$10,250,000
    $127 PPSF$127 PPSF
  • Area
    80,295 SF80,295 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 2 Agencies4 Brokers, 2 Agencies

Agents

Seth Glasser

Seth Glasser

Deals80
Financed$891.9M

Amit Doshi

Amit Doshi

Deals58
Financed$966.7M

Agencies

Meridian Capital Group

Meridian Capital Group

Agency
Deals2414
Volume$65.9B

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

Deal Summary

SALE IMAGE: Amit Doshi, Shalini Mehra, Seth Glasser & Michael Fusco DATE: 07/06/2020 ADDRESS: 3111 Heath Avenue MARKET: Kingsbridge Heights, Bronx ASSET TYPE: Multifamily SELLER: Anthony Caruso – Bilynn Realty BUYER: Doug Peterson – City Skyline Realty BROKERS: […] SALE PRICE: $10,250,000 SF: 60,295 sf + 20,000 sf basement PPSF: $166 CAP: 6.5% UNITS: 66

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3111 Heath Avenue

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