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Verv Capital, Chera Realty, KSR Acquire Mixed-Use Asset In Mount Hope, Bronx For $9.85M

101-109 East Burnside Avenue & 2054-2062 Morris Avenue
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This Mixed-use property located in NY was sold for $9,850,000 almost 2 years ago. The brokers of the deal were Victor Sozio, Jason M. Gold, and Ceasar Salama

Located at 101-109 East Burnside Ave. & 2054-2062 Morris Ave. in Mount Hope, Bronx, this mixed-use property was recently sold for a price of $9,850,000. The property spans an area of 24,316 square feet and has a price per square foot of $405. The transaction took place on May 10, 2022.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $9,850,000
  • Address: 101-109 East Burnside Ave. & 2054-2062 Morris Ave., Mount Hope, Bronx
  • Area: 24,316 square feet
  • Price per Square Foot: $405
  • Buyer: Verv Capital - Edward Cohen, Chera Realty - Jeffrey Chera & Ralph Chera & KSR - Morris Sabbagh, Abraham Kassin & Ceasar Salamaa
  • Seller: Vanbarton Group
  • Brokers: Jason M. Gold & Victor Sozio - Ariel Property Advisors

The deal was facilitated by brokers Jason M. Gold and Victor Sozio from Ariel Property Advisors. The buyer involved in the transaction was represented by Verv Capital's Edward Cohen, Chera Realty's Jeffrey Chera & Ralph Chera, and KSR's Morris Sabbagh, Abraham Kassin & Ceasar Salamaa. The seller of the property was the Vanbarton Group.

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Deals
  • Location
    101 East Burnside Avenue, The Bronx, New York 10453, United States101 East Burnside Avenue, The Bronx, New York 10453, United States
  • Sale Price
    $9,850,000$9,850,000
    $405 PPSF$405 PPSF
  • Area
    24,316 SF24,316 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    3 Brokers, 2 Agencies3 Brokers, 2 Agencies

Agents

Victor Sozio

Victor Sozio

Deals80
Financed$1.8B

Agencies

Ariel Property Advisors

Ariel Property Advisors

Agency
Deals456
Volume$7B

Kassin Sabbagh Realty

Kassin Sabbagh Realty

Agency
Deals1091
Volume$7.1B

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Deal Summary

SALE IMAGE: Victor Sozio, Jason M. Gold, Morris Sabbagh, Abraham Kassin, Edward Cohen & Jeffrey Chera DATE: 05/10/2022 ADDRESS: 101-109 East Burnside Ave. & 2054-2062 Morris Ave. MARKET: Mount Hope, Bronx ASSET TYPE: Mixed-use BUYER: Verv Capital - Edward Cohen, Chera Realty - Jeffrey Chera & Ralph Chera & KSR - Morris Sabbagh, Abraham Kassin & Ceasar Salamaa SELLER: Vanbarton Group BROKERS: Jason M. Gold (@JGold_Real_Estate) & Victor Sozio - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $9,850,000 SF: 24,316 ~ PPSF: $405

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101-109 East Burnside Avenue & 2054-2062 Morris Avenue

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