Ryan Zar, Bradley Zar & Ivan Hakimian Acquire Mixed-Use Property In Bronx For $5.45M

Bradley Zar, Ryan Zar, and Ivan Hakimian have acquired a mixed-use property located at 144-148 Bruckner Blvd in the Bronx. The property consists of two buildings, totaling 20,000 square feet, and includes 23 apartments and 2 stores. The sale, which took place on May 16, 2022, involved a transaction amount of $5,450,000. The price per unit is approximately $218,000, and the price per square foot is $272. The Gross Rent Multiplier (GRM) for the property is 9.5X. This acquisition marks the buyers' fourth purchase in the last 10 months.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $5,450,000
• Units: 25
• Price per Unit: $218,000
• Square Footage: 20,000
• Price per Square Foot: $272
• Gross Rent Multiplier (GRM): 9.5X
• Date: May 16, 2022
• Address: 144-148 Bruckner Blvd
• Market: Bronx

The buyers were represented in the transaction by Bradley Zar, Ryan Zar, and Ivan Hakimian. The sellers are East Coast Holdings. Additionally, the financing for the acquisition was provided by Signature Bank.