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Cedar Holdings Acquires Multifamily Property In Bronxville For $12M

759 Palmer Road
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This MultiFamily property located in NY was sold for $12,000,000 over 4 years ago. The brokers of the deal were Greg Corbin and Richard Maltz

A multifamily property located at 759 Palmer Road in Bronxville, Yonkers, was recently sold for $12,000,000. The property spans across 144,000 square feet and has 35 units, resulting in an average price per unit of $342,857. The price per square foot is $83.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $12,000,000
  • Address: 759 Palmer Road, Bronxville, Yonkers
  • Market: Bronxville, Yonkers

The sale of this multifamily property was facilitated by Greg Corbin of Rosewood Realty Group and Richard Maltz of Maltz Auctions. Greg Corbin represented the buyer, Cedar Holdings, while Richard Maltz represented the seller, EMC Bronxville – Edward Collis.

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Deals
  • Location
    759 Palmer Rd, Yonkers, NY 10708, USA759 Palmer Rd, Yonkers, NY 10708, USA
  • Sale Price
    $12,000,000$12,000,000
    $83 PPSF$83 PPSF
  • Area
    144,000 SF144,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Richard Maltz

Richard Maltz

Deals6
Sold$115.8M

Agency

Northgate Real Estate Group

Northgate Real Estate Group

Agency
Deals69
Volume$928.9M

Deal Summary

IMAGE: Greg Corbin & Richard Maltz DATE: 10/25/2019 ADDRESS: 759 Palmer Road MARKET: Bronxville, Yonkers ASSET TYPE: Multifamily SELLER: EMC Bronxville – Edward Collis BUYER: Cedar Holdings – Mark Tress BROKER: Greg Corbin – Rosewood Realty Group & Richard Maltz – Maltz Auctions SALE PRICE: $12,000,000 SF: 144,000 PPSF: $83 UNITS: 35 PPU: $342,857 NOTE: […]

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759 Palmer Road

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