Baker Capital Group Acquires Multifamily Property In Concourse Village, Bronx For $650,000

The multifamily property located at 1025 College Ave in Concourse Village, Bronx, was sold for a price of $650,000. The property has a total square footage of 3,704, with a price per square foot of $175. It consists of 3 units, with an average price per unit of $216,666. The transaction took place on 12/02/2020, and the buyer was Baker Capital Group. The seller's identity has not been disclosed.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $650,000
• Market: Concourse Village, Bronx
• Zoning: R7-1
• Building Square Footage: 5,872
• Price per Square Foot: $175
• Number of Units: 3

Jordan Cohen and Don Bichoupan represented Baker Capital Group in the transaction. The deal was closed 30 days after the signing of the contract. Baker Capital Group is actively looking for new acquisitions in the Bronx and Westchester multifamily market. For more information or to submit deals, you can contact them directly via phone at (917) 473-0645 or email [email protected] and [email protected].