Rosewood Realty Group Brokers Sell Bronx Multifamily Property For $14.8M

Located at 4755 White Plains Road in Bronx, this multifamily property has recently been sold for a price of $14,800,000. The transaction took place on 11/11/2021, with a sale price per square foot of $168. The property spans a total area of 87,949 square feet.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,800,000
• Address: 4755 White Plains Road, Bronx
• Market: Bronx

The seller of this property was Ron Rettner. Representing the deal was the team from Rosewood Realty Group consisting of Aaron Jungreis, Ben Khakshoor, and Alex Fuchs.

Additional details regarding the property include 83 apartments, 5 retail spaces, 11 parking spaces, 1 laundry room, and 1 antenna. The property's price per square foot was $168, with a Gross Rent Multiplier (GRM) of 9.7x and a Capitalization Rate (Cap Rate) of 5.9%. The property has been valued at a price per square foot of $168.