Phoenix Realty Group Acquires Bronx Multifamily Portfolio For $91M
501-513, 523, 539 & 549-561 Commonwealth Avenue. & 502, 520, 540-542 & 550 Rosedale Avenue
MultiFamily
376,218 SF
376,218 SF
Sold 1 year ago
+ 3
Summary
Phoenix Realty Group has acquired a multifamily property in Bronx for $91,000,000. The property, located at 501-513, 523, 539 & 549-561 Commonwealth Ave. & 502, 520, 540-542 & 550 Rosedale Ave., spans a total of 376,218 square feet. With a price per square foot of $241, the property consists of 472 units, resulting in a price per unit of $192,796.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $91,000,000
- Square Footage: 376,218
- Price per Square Foot: $241
- Number of Units: 472
- Price per Unit: $192,796
The sale was facilitated by Victor Sozio, Shimon Shkury, Michael Tortorici, and Daniel Mahfar from rielPA.NYC. The seller, Spencer Equity Group, successfully closed the deal with Phoenix Realty Group.
Players
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6
Agents
5
Agencies
1
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501-513, 523, 539 & 549-561 Commonwealth Avenue. & 502, 520, 540-542 & 550 Rosedale Avenue
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