Meridian Capital Group Brokers $11.47M Sale Of Multifamily Property In Morris Heights, Bronx

Amit Doshi & Shallini Mehra of Meridian Capital Group represented the parties in the sale of a multifamily property located at 1738 University Avenue in Morris Heights, Bronx. The transaction was completed on January 28, 2022.

Summary of transaction details:

• Property Type: Multifamily
• Sale Price: $11,470,000
• Address: 1738 University Avenue
• Market: Morris Heights, Bronx
• Units: 72
• Price per Unit: $159,305
• Square Footage: 67,000
• Price per Square Foot: $171

The property spans approximately 67,000 square feet and consists of 72 units. The sale price for this multifamily asset was recorded at $11,470,000, resulting in a price per unit of approximately $159,305. The transaction was completed in Morris Heights, Bronx, on January 28, 2022.