SOLD
Geller Family Acquires Multifamily Property In Bronx, Fordham For $8.1M
60 East 196th Street
MultiFamily
62,500 SF
62,500 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
62,500 sqft
The multifamily property located at 60 East 196th Street in Bronx, Fordham has been sold in a closed transaction. The property spans a total square footage of 62,500 and was sold at a price of $8,115,000, resulting in a price per square foot of $129. The gross income generated from the property is reported to be $770,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,115,000
- Address: 60 East 196th Street
- Market: Bronx, Fordham
- Square Footage: 62,500
- Gross Income: $770,000
The seller of the property was Morgan Group, while the buyer was Geller Family. The transaction was facilitated by brokers Michael Guttman and Aaron Jungreis. Mark Brachfeld from Meridian Capital Group acted as the loan broker in the deal.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Michael Guttman, Aaron Jungreis
DATE: 08/15/2019
ADDRESS: 60 East 196th Street
MARKET: Bronx, Fordham
ASSET TYPE: Multifamily
SELLER: Morgan Group
BUYER: Geller Family
LOAN BROKER: Mark Brachfeld @Meridian.Capital.Group
BROKERS: Michael Guttman and Aaron Jungreis
SALE PRICE: $8,115,000
SF: 62,500 PPSF: $129
GROSS INCOME: $770,000View on map
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Address60 East 196th Street
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