Propco Holdings Acquires Multifamily Property In Norwood Bronx For $19M

3254 Parkside Place in Norwood, Bronx, has recently been involved in a closed property transaction. The multifamily property covers a total of 98,158 square feet and consists of 98 residential units. The property was bought by Propco Holdings, represented by Glen Palilla, from an unknown seller.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $19,000,000
• Address: 3254 Parkside Place
• Market: Norwood, Bronx
• Landlord: Propco Holdings – Glen Palilla
• Broker: Max Ralby – HKS Real Estate Advisors
• Lender: SBT Advantage Bank
• Loan Amount: $19,000,000
• SF: 98,158
• Units: 98 Residential Units

Glen Palilla, representing Propco Holdings, successfully secured a loan amount of $19,000,000 from SBT Advantage Bank to complete the purchase of 3254 Parkside Place. Max Ralby of HKS Real Estate Advisors acted as the broker in this transaction. The deal was finalized on 03/06/2020, marking a significant milestone in the Norwood, Bronx market.